A delegation of the Council of Europe's Committee of Experts for the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) carried out an onsite visit to the Slovak Republic from 6 to 18 October 2019.
The delegation was composed of MONEYVAL experts with a legal, law enforcement and financial background and supported by members of the MONEYVAL Secretariat. The delegation has been received by the Minister of Interior of the Slovak Republic, the President of the Police Department, and by the First Deputy of the General Prosecutor’s Office. The delegation met with the authorities responsible for Slovak AML/CFT system (i.e. competent ministries, criminal justice and operational agencies, financial sector bodies and supervisors of businesses and professions with AML/CFT obligations). The delegation also held meetings with a great number of private stakeholders (e.g. financial institutions, notaries, lawyers, real estate agents and casinos) and representatives from non-profit organisations.
The delegation is tasked with analysing – in the form of a mutual evaluation report - Slovakia’s level of compliance with the Financial Action Task Force (FATF) 40 Recommendations and the level of effectiveness of Slovakia’s AML/CFT system, and with providing recommendations on how the system could be strengthened.
The report will be scheduled for discussion and adoption at MONEYVAL’s 60th Plenary meeting: 29 June - 3 July 2020.