SLOVAKIA STRENGTHENS EFFORTS TO TACKLE MONEY LAUNDERING AND TERRORISM FINANCING – BUT WILL NEED TO FOCUS ON ENFORCEMENT
December 1st, 2019
SLOVAKIA may have been facing European Commission legal action over foot-dragging in implementing European Union EU AML/CFT legislation and has been striving to improve its AML/CFT weaknesses, but its general reputation in combating money laundering is solid. The Basel Institute of Governance AML Index 2019 ranked this central European country 109 out of 125 countries assessed, with the highest number being the top performer. This put Slovakia above the UK, Germany and the Singapore in terms of AML /CFT actions and laws. ...
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