MONEYVAL MEMBER STATES AML/CFT CONTROLS STILL TOO WEAK, SAYS BODY’S ANNUAL REPORT
June 1st, 2021
EUROPE’S FATF-style body Moneyval has raised serious concerns about AML/CFT standards among 19 of its members, with its 2020 annual report concluding their average compliance is “below satisfactory”. The jurisdictions assessed were Albania, Andorra, Armenia, Cyprus, the Czech Republic, Georgia, Gibraltar, Hungary, Israel, the Isle of Man, Latvia, Lithuania, Malta, Moldova, Russia, Serbia, Slovakia, Slovenia and Ukraine.
Moneyval assesses European 33 jurisdictions who are not direct members of FATF, so excludes major western European states such as Britain, ...
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