Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL)


 NEWS 02/12/2016
[02 December 2016] Secondment of an official to MONEYVAL : call for candidates - deadline for applications : 20 December 2016

The Directorate General I - Human Rights and Rule of Law - is currently looking for an official to be seconded for a minimum period of one year, commencing as soon as possible.    

The Seconded official will provide expert assistance to the Directorate of Information Society and Action against Crime in the implementation of MONEYVAL mutual evaluation programme, which supports States in fulfilling their commitments in accordance with international legal, financial and law enforcement standards on money laundering and terrorist financing and in compliance with Council of Europe conventions, regulations, standards and values.

For more information on the post and the application procedure, please click here.

[30 November 2016] MONEYVAL publishes its latest report on Hungary

In its new report published today, MONEYVAL welcomes that the number of investigations and prosecutions for money laundering in Hungary are on the rise. However, it considers that the fight against money laundering is not a priority objective.

The report analyses the implementation by Hungary of international standards against money laundering and terrorist financing since the country’s last evaluation in 2010.
Hungary is to report back to MONEYVAL in December 2017 about the implementation of its recommendations under enhanced follow-up procedures.

Press release

[05 October 2016] Outcome of MONEYVAL's 51st Plenary meeting

MONEYVAL held its 51st plenary meeting in Strasbourg from 27 to 29 September 2016.  

At this meeting, the Plenary, inter alia:  
- adopted the 5th round MER and executive summary on Hungary, decided to place the country in enhanced follow-up and requested it to report back to the Plenary in December 2017;
- adopted the 4th round follow-up report by Latvia and decided to remove the country from the follow-up process;  
- took note of the second follow up report by Bulgaria under the 4th round of mutual evaluations and invited the country to provide a further follow-up report at the 53rd Plenary (May 2017), while encouraging it to then seek removal from the follow-up process;  
-  took note of the first regular follow-up report by Liechtenstein, welcomed the reforms that took place and encouraged the country to seek removal from the follow-up process within two years;  
-  took note of the first regular follow-up report by Estonia and encouraged the country to seek removal from the follow-up process not later than two years from now;  
-  took note of the interim report by the Republic of Moldova and invited the country to seek removal from the follow-up process in December 2016;  
-  took note of the Bosnia and Herzegovina’s 4th round expedited follow-up report, and suggested that the country seeks removal from the follow-up process within three years at the latest;
-  took note of the compliance reports of the Czech Republic and Montenegro under the Compliance Enhancing Procedures and asked both countries to submit further compliance reports in December 2016;
-  heard the update from the Secretariat on the follow-up procedure of  the Terrorist Financing Fact-Finding Initiative;  
-  had an exchange of view with Judge Spano from the European Court of Human Rights on the recent Grand Chamber judgment of Al-Dulimi and Montana Management v. Switzerland of 21 June 2016;  
-  heard a presentation on recent changes to Recommendation 8 and its Interpretative Note.

Reports adopted will be made available shortly under each jurisdiction’s profile, in accordance with MONEYVAL’s publication policy. 

[26 septembre 2016] MONEYVAL's annual report: anti-terrorist financing measures not fully exploited yet

Following the publication today of MONEYVAL's annual report, its Chair, Daniel Thelesklaf, pointed out that identifying the financing of terrorism has not yet been fully exploited as a strategy in the overall fight against terrorism.

“We are struggling to find ways how to better combat terrorism. Money is needed to plan and perpetrate attacks. Detecting terrorist financing – even in small amounts – can help to detect terrorist cells, prevent terrorism and deter terrorists”, he said.

In the report, MONEYVAL – which is the Council of Europe's anti money laundering and counter terrorist financing body - concludes that states have consistently improved their technical compliance with the international standards to fight money laundering and terrorist financing, particularly with regard to preventive measures.

However, the report stresses that the effective application of these standards remains a serious challenge. It underlines two priorities: prosecutorial authorities should do more to achieve money laundering convictions, and there is a need for deterrent confiscation orders which take the profit out of crime.

“We have the tools to combat money laundering, but the effective implementation of legislation depends on member states’ resources and political will. That is why the 5th evaluation round, which we launched in 2015, will focus on effectiveness”, said MONEYVAL´s chairman.

“If a country does not deter money laundering, it risks losing access to the global financing architecture, which can have severe detrimental economic effects”, he added.

In 2015, MONEYVAL actively monitored 26 jurisdictions through the adoption of mutual evaluation reports (including onsite visits) or follow-up reports.

MONEYVAL Annual Report for 2015
Video interview with MONEYVAL's chair Daniel Thelesklaf

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Calendar 2016