The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) held its 57th Plenary meeting in Strasbourg from 3 to 7 December 2018.
Amongst the highlights of the Plenary, MONEYVAL held a panel discussion on countering the laundering of proceeds from human trafficking and modern slavery, with representatives of the FATF, the Egmont Group, GRETA and the private sector. Moreover, it adopted a regional operational plan to counter terrorism financing. MONEYVAL completed the country assessments of the Czech Republic and Lithuania, adopted the joint FATF - MONEYVAL assessment of Israel, and adopted follow-up reports of the following countries: Andorra, Azerbaijan, Croatia, Hungary, Liechtenstein, Montenegro, Romania, Serbia, Slovenia and “The former Yugoslav Republic of Macedonia”. The Committee also adopted a report on the voluntary tax compliance scheme of the Republic of Moldova.
The Committee heard various presentations and held discussions on topics such as: recent changes to the FATF standards with regard to the regulation of virtual assets; a presentation of a case by the State Financial Monitoring Service of Ukraine which was awarded the Best Egmont Case Award 2018; terrorist financing disruption strategies; a horizontal review of the sector of designated non-financial businesses and professions (supervision and implementation of preventive measures) in the new round of evaluations; the International Training and Methodology Centre for Financial Monitoring of the Russian Federation; and an introduction to various intelligence and educational tools of the Basel Institute on Governance to counter corruption and financial crimes. The Committee also held an exchange of views with Mr Branislav Bohacik, President of the Conference of the Parties to the Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds of Crime and on the Financing of Terrorism.
Reports adopted will be made available shortly under each jurisdiction’s profile, in accordance with MONEYVAL’s publication policy.