MONEYVAL ANNUAL REPORT WEAK AML CONVICTIONS RECORD
May 1st, 2018
THE CHAIRMAN of Europe’s regional FATF-style body MONEYVAL has raised concerns about a lack of free-standing money laundering convictions on the continent, noting that financial partners of criminal groups are going unpunished. In comments released along with the organisation’s 2017 annual report, Daniel Thelesklaf said: “Third party and stand-alone money laundering convictions are still very few and far in between.” Instead, prosecutors tended to look for additional ML convictions along with their pursuit of predicate offences. This meant that in ...
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