MONEYVAL to Publish Follow-up Reports for Five Countries

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The Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) has published detailed recommendations on how to increase the effectiveness of national anti-money laundering and terrorist financing regimes for the following countries: Andorra, the Czech Republic, Hungary, Serbia and Slovenia.

According to the report, in all the listed countries positive changes in legal systems were observed in order to ensure appropriate measures to combat money laundering. However, these countries are still under special control of the Committee, which intends to monitor the implementation of the recommendations.