In its annual report for 2018, published today, the Council of Europe anti-money laundering and counter-terrorist financing body MONEYVAL calls on states to ensure that they have appropriate measures in place to combat “dirty money”.
The impact by economic crime, organised criminal groups and terrorism continued to be felt in Europe and other parts of the world during 2018. In the report, the Chair of MONEYVAL, Elzbieta Frankow-Jaskiewicz, underlines that, in light of the increased risks, it is urgent that countries and territories in Europe and beyond apply robust measures against money laundering and terrorist financing.
The Chair highlights a number of initiatives that MONEYVAL carried out in 2018 to address several pressing challenges. These include the need to raise the awareness and effectiveness of prosecutors and judges in the repression of money laundering, associated offences and terrorist financing; as well as to step up efforts to combat the financial flows associated with slavery, human trafficking and forced labour.