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

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News 19/09/2014


[19 September 2014] MONEYVAL issues a revised public statement on Bosnia and Herzegovina

The Council of Europe’s anti-money laundering body MONEYVAL today adopted, at its 45th plenary meeting (15-19 September), a public statement under Step 3 of its Compliance Enhancing Procedures in the light of continued lack of progress on legislation to address MONEYVAL’s concerns.

The Committee noted that Bosnia and Herzegovina has amended the Anti-Money Laundering and Counter Financing of Terrorism Law, which came into force on 25 June 2014. However, the required amendments to the Criminal Code have still not been adopted.

MONEYVAL urges Bosnia and Herzegovina to immediately and meaningfully address its deficiencies on its anti-money laundering and counter terrorist financing legislation, in particular by adopting necessary amendments to its Criminal Code.

Link to:
Statement on Bosnia and Herzegovina

[17 September 2014] Queen Máxima addresses MONEYVAL on the need to make financial services accessible

Strasbourg, 17.09.2014 – In a speech addressed to the Council of Europe anti-money laundering and counter terrorist financing body MONEYVAL, Her Majesty Queen Máxima of the Netherlands, in her capacity as United Nations Secretary General´s Special Advocate for Inclusive Finance for Development, today recalled the need for accessible financial services.

Speaking to MONEYVAL´s 45th plenary meeting – which is being held from 15 to 19 September - Queen Máxima underlined the role the 33 MONEYVAL states and territories can play in improving access to financial services and pointed out that the existing legal instruments allow states to ensure that the fight against money laundering and the promotion of inclusive finance complement each other.

Queen Máxima mentioned in her speech that it is very important to strike the right balance between security measures and access to formal financial services, and that MONEYVAL´s role in taking a holistic approach towards integrity and inclusion is of great value.

As the United Nations Secretary-General's Special Advocate for Inclusive Finance for Development (UNSGSA), Queen Máxima has a leading role in increasing awareness about the essential role of financial services in alleviating poverty, fostering equitable economic growth, and furthering diverse development goals including environmental sustainability, food security, clean water, good health and universal education.

During her visit to Strasbourg, Queen Máxima paid courtesy visits to the Secretary General Thorbjřrn Jagland and the Parliamentary Assembly President Anne Brasseur.

Link to the speech




Events

 Yellow square Calendar 2014 

 

[22 August 2014] Secondment of an official to MONEYVAL: call for candidates  - extended deadline

The Directorate General I - Human Rights and Rule of Law is currently looking for one 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 the 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. Deadline for applications: 30 September 2014

[29 July 2014]
MONEYVAL report on the 4th round assessment visit in Romania

The mutual evaluation report on the 4th assessment visit in Romania is now available.

Links to:
Press release
Executive Summary
Report
Addendum

The report was adopted at MONEYVAL’s 44th Plenary Meeting (Strasbourg, 31 March – 4 April 2014). The MONEYVAL 4th cycle of assessments is a follow-up round, in which important FATF Recommendations have been re-assessed, as well as all those for which the state concerned received "Non-Compliant” (NC) or “Partially Compliant” (PC) ratings in its 3rd round report. This report on Romania is not, therefore, a full assessment against the FATF 40 Recommendations and 9 Special Recommendations but is an update on major issues in the AML/CFT system in Romania. According to MONEYVAL’s procedures and the decision of the 44th Plenary, Romania was placed under the regular follow-up procedure.


[3 July 2014] MONEYVAL report on the 4th round assessment visit in Liechtenstein

The mutual evaluation report on the 4th assessment visit in Liechtenstein is now available.

Links to:
Press release
Executive Summary
Report
Addendum
EU Directive

The report was adopted at MONEYVAL’s 44th Plenary Meeting (Strasbourg, 31 March – 4 April 2014). The MONEYVAL 4th cycle of assessments is a follow-up round, in which important FATF Recommendations have been re-assessed, as well as all those for which the state concerned received "Non-Compliant” (NC) or “Partially Compliant” (PC) ratings in its 3rd round report. This report on Liechtenstein is not, therefore, a full assessment against the FATF 40 Recommendations and 9 Special Recommendations but is an update on major issues in the AML/CFT system in Liechtenstein. According to MONEYVAL’s procedures and the decision of the 44th Plenary, Liechtenstein was placed under the regular follow-up procedure.


[30 June 2014] MONEYVAL report on the 4th round assessment visit in Monaco

The mutual evaluation report on the 4th assessment visit in Monaco is now available.

Links to:
Press release
Executive Summary
Report (French only)
Addendum (French only)

The report was adopted at MONEYVAL’s 42nd Plenary Meeting (Strasbourg, 16 – 20 September 2013). The MONEYVAL 4th cycle of assessments is a follow-up round, in which important FATF Recommendations have been re-assessed, as well as all those for which the state concerned received "Non-Compliant” (NC) or “Partially Compliant” (PC) ratings in its 3rd round report. This report on Monaco is not, therefore, a full assessment against the FATF 40 Recommendations and 9 Special Recommendations but is an update on major issues in the AML/CFT system in Monaco. According to MONEYVAL’s procedures and the decision of the 42nd Plenary, Monaco was placed under the biennial follow-up procedure.

 
[10 June 2014] MONEYVAL report on the 4th round assessment visit in “the former Yugoslav Republic of Macedonia”

The mutual evaluation report on the 4th assessment visit in “the former Yugoslav Republic of Macedonia” is now available.

Links to:
Press release
Executive Summary
Report
Addendum

The report was adopted at MONEYVAL’s 44th Plenary Meeting (Strasbourg, 31 March – 4 April 2014). The MONEYVAL 4th cycle of assessments is a follow-up round, in which important FATF Recommendations have been re-assessed, as well as all those for which the state concerned received "Non-Compliant” (NC) or “Partially Compliant” (PC) ratings in its 3rd round report. This report on “the former Yugoslav Republic of Macedonia” is not, therefore, a full assessment against the FATF 40 Recommendations and 9 Special Recommendations but is an update on major issues in the AML/CFT system in “the former Yugoslav Republic of Macedonia”. According to MONEYVAL’s procedures and the decision of the 44th Plenary, “the former Yugoslav Republic of Macedonia” was placed under expedited follow-up procedures, and was asked to report on the progress achieved to address the factors/shortcomings underlying any of the 40 + 9 Recommendations that were rated ‘Partially Compliant’, by April 2015.


[01 June 2014] Public Statement on Bosnia and Herzegovina

MONEYVAL is today issuing a public statement on Bosnia and Herzegovina.

At the 44th MONEYVAL plenary meeting (March 31 – April 4, 2014), the Committee adopted the attached public statement under Step 3 of its Compliance Enhancing Procedures in the light of continued lack of progress on legislation to address MONEYVAL’s concerns. The Committee however deferred its issue until 1 June 2014 in order to allow Bosnia and Herzegovina further time to adopt all necessary amendments to the preventive Law and the Criminal Code.

The necessary legislation has not been adopted by the Parliament of Bosnia and Herzegovina within the MONEYVAL deadline. Accordingly the Chairman has authorised the issuing today of this public statement, as adopted by MONEYVAL in April 2014.

Link to:
Statement on Bosnia and Herzegovina