Skip to Content
Avenue de l'Europe
F-67075 Strasbourg Cedex
Tel. +33 (0)3 88 41 20 00
www.coe.int
menu
Back

MONEYVAL continues its series of roundtables on de-risking with workshops in Frankfurt and London

Strasbourg 10/04/2018
  • Diminuer la taille du texte
  • Augmenter la taille du texte
  • Imprimer la page
  • Imprimer en PDF
© Photo: Council of Europe

© Photo: Council of Europe

On 28 March and 9 April 2018, MONEYVAL continued its series of roundtables on correspondent banking (“Re-connecting the de-risked”) with events in Frankfurt (Main) and London.

Each roundtable brought together around 40-50 participants from global financial institutions, respondent banks from several MONEYVAL jurisdictions and relevant international organisations (e.g. the European Commission, the Financial Action Task Force, FATF; the Financial Stability Board; and the European Bank for Reconstruction and Development). Amongst the numerous speakers at the workshops was Mr David Lewis (FATF Executive Secretary), Mr Wim Mijs (Chief Executive of the European Banking Federation), Mr Gil Thomson (Deputy Director, Sanctions and Illicit Finance, UK Treasury), Mr Jens Führhoff (Head of Department, German Federal Financial Supervisory Authority) and Mr Daniel Thelesklaf (President of MONEYVAL).

Correspondent banking is essential for customer payments, especially across borders, and for the access of banks themselves to foreign financial systems. In many MONEYVAL jurisdictions, de-risking has occurred and, as a consequence, the money laundering and terrorist financing risks have increased. The roundtables aimed at informing about the work of MONEYVAL, in particular about the mutual evaluation process and how MONEYVAL reports can be used by global financial institutions. It also sought to clarify the regulatory expectations and explain the relevant global standard set by the FATF for the provision of correspondent banking.

The roundtables formed part of a series of events on de-risking organised by MONEYVAL, which had started in October 2017 with workshops in Washington D.C. and New York City. MONEYVAL would like to warmly thank Deutsche Bank for hosting the event in Frankfurt, and UK Finance for hosting the event in London.


Children of imprisoned parents

Jan Kleijssen, Director of Information Society and Action Against Crime, speaks about the Council of Europe policy guidelines to its 47 member states aimed at safeguarding the rights and interests of children of imprisoned parents.

New website

Council of Europe European Commission for the efficiency of justice (CEPEJ). In setting up the CEPEJ at the end of 2002, the Committee of Ministers of the Council of Europe wanted to establish an innovative body for improving the quality and efficiency of the European judicial systems and  strengthening the court users’ confidence in such systems.

We set standards, monitor compliance and assist implementation of Human Rights and the Rule of Law

www.coe.int/justice
SaveSaveSaveSaveSaveSaveSaveSave
Director General
Christos GiakoumopoulosSaveSaveSaveSaveSaveSaveSaveSaveSaveSaveSaveSave
Social media

Find information

 Search portal

SavSaveSaveSave
Newsroom archives

 2017 - 2016 - 2015 - 2014

Multimedia

Videos

info info

 Organisational chart

[At 01/10/2017]

 Contact us

Directorate General
Human Rights and Rule of Law

Agora Building
67075 Strasbourg Cedex

SaveSave
latest publications latest publications