On 11 and 12 October 2017, MONEYVAL organised two roundtables in New York City and Washington...
MONEYVAL held its 54th Plenary meeting in Strasbourg from 26 to 28 September 2017. At this...
The number of money-laundering investigations has risen in Slovenia since the last evaluation in...
Strasbourg 2 June 2017
MONEYVAL held its 53rd plenary meeting in Strasbourg from 30 May to 1 June 2017. At this meeting,...
Strasbourg, France 30 May 2017
Following the publication today of MONEYVAL's annual report, its Chair, Daniel Thelesklaf,...
At a glance
The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism - MONEYVAL is a permanent monitoring body of the Council of Europe entrusted with the task of assessing compliance with the principal international standards to counter money laundering and the financing of terrorism and the effectiveness of their implementation, as well as with the task of making recommendations to national authorities in respect of necessary improvements to their systems. Through a dynamic process of mutual evaluations, peer review and regular follow-up of its reports, MONEYVAL aims to improve the capacities of national authorities to fight money laundering and the financing of terrorism more effectively.
MONEYVAL (formerly PC-R-EV) was established in 1997 and its functioning was regulated by the general provisions of Resolution Res(2005)47 on committees and subordinate bodies, their terms of reference and working methods. At their meeting on 13 October 2010, the Committee of Ministers adopted the Resolution CM/Res(2010)12 on the Statute of the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) . The statute elevates MONEYVAL as from 1 January 2011 to an independent monitoring mechanism within the Council of Europe answerable directly to the Committee of Ministers. MONEYVAL Statute was further amended in 2013 by the Resolution CM/Res(2013)13.
In its new report published today, MONEYVAL praised the authorities of the Isle of Man for the effective coordination of anti-money laundering/countering the financing of terrorism policies. In addition, it is commended the authorities’ thorough understanding of money laundering and financing of terrorism vulnerabilities, which lie within the national institutional and legal framework.
The report analyses the implementation by the United Kingdom Crown Dependency of the Isle of Man of international standards on money laundering and financing of terrorism since the last evaluation in 2009, and recommends an action plan to address the shortcomings. The Isle of Man is to report back to MONEYVAL at the first Plenary in 2018 about the implementation of its recommendations under enhanced follow-up procedures.