Outcome of MONEYVAL's 54th Plenary meeting

Outcome of MONEYVAL's 54th Plenary meeting
MONEYVAL held its 54th Plenary meeting in Strasbourg from 26 to 28 September 2017

At this meeting, the Plenary, inter alia:

  • discussed and adopted the 5th round MER and its executive summary on Andorra;
  • adopted the compliance report of Montenegro under the Compliance Enhancing Procedures, and invited the country to submit a further report at the 56th Plenary (17 – 19 April 2018);
  • adopted the follow-up report by Serbia under the 5th round of mutual evaluations;
  • adopted the follow-up reports by Azerbaijan, Croatia, Lithuania and Poland under the 4th round of mutual evaluations, and decided to remove Lithuania from the follow-up process and apply Step 1 of its Compliance Enhancing Procedures with regard to Croatia and Poland; the Plenary further decided that Azerbaijan had not yet addressed all deficiencies in order to fulfill the criteria for a removal from the follow-up procedure, and was invited to submit a further report in September 2018.
  • heard an updated analysis from the Secretariat on the follow-up procedure of the Terrorist Financing Fact-Finding Initiative, and decided to remove Cyprus from the procedure.  
  • heard presentations from Israel and the Russian Federation on their case studies which were awarded the “Best EGMONT Group Case Award” in 2016 and 2017, respectively;
  • had an exchange of views with representatives from the Basel Institute on Governance on the “Basel AML Index”;
  • heard a presentation from the UK Crown Dependency of Jersey and discussed recent developments in the area of FinTech/RegTech;
  • heard a presentation by the European Commission on the “EU supranational risk assessment on money laundering and terrorist financing”;
  • heard a presentation from the Russian Federation on practical examples to demonstrate effectiveness under Immediate Outcomes 3, 4 and 5.

Reports adopted will be made available shortly under each jurisdiction’s profile, in accordance with MONEYVAL’s publication policy.

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