MONEYVAL: New follow-up reports assess measures against money laundering and terrorist financing in six countries

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Following the adoption of their mutual evaluation report, which brought six countries under an enhanced follow-up procedure, MONEYVAL, the Council of Europe’s anti-money laundering and counter-terrorist financing has published a follow-up report showing the progress of Albania, Andorra, Hungary, Latvia, Serbia and Slovenia based on measures against money laundering. The report shows that significant progress has been made by all except Slovenia, whose compliance rating has remained the same. The new ratings were based on the implementation of new requirements imposed by FATF, and have shown that 5 of the 6 countries have made great effort to improve the effectiveness.