In light of Slovenia’s progress in strengthening its framework to tackle money laundering and terrorist financing since the adoption of its mutual evaluation report in June 2017, MONEYVAL has re-rated the jurisdiction on one Recommendation originally rated “partially compliant”.
Slovenia has been in an enhanced follow-up process, following the adoption of its mutual evaluation report, which assessed the effectiveness of Slovenia’s anti-money laundering and counter-terrorist financing (AML/CFT) measures and their compliance with the 40 Recommendations by the Financial Action Task Force (FATF). In line with MONEYVAL’s rules of procedure, Slovenia reported back to MONEYVAL on the steps taken to strengthen its AML/CFT framework.
This follow-up report analyses Slovenia’s progress in addressing the technical compliance deficiencies identified in the mutual evaluation report. It also looks at whether Slovenia has implemented new measures to meet the requirements of FATF Recommendations that have changed since the country’s 2017 mutual evaluation.
To reflect this progress, MONEYVAL has re-rated Slovenia to “compliant” with Recommendation 16 (wire transfers). The ratings for Recommendations 7 (targeted financial sanctions related to proliferation, originally rated as “partially compliant”), 18 (internal controls and foreign branches and subsidiaries, originally rated as “largely compliant”), and 21 (tipping-off and confidentiality, rated as “compliant”), the requirements of which changed since the adoption of Slovenia’s mutual evaluation report, remain unchanged.
MONEYVAL decided that Slovenia will remain in enhanced follow-up and report back to MONEYVAL in December 2019 on further progress to strengthen its implementation of AML/CFT measures.
