The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) – a FATF-style regional body established in 1997.

MONEYVAL was established as a subcommittee of the European Committee of the Council of Europe on Crime Problems (CDPC). The purpose of the Committee is to develop effective systems to combat money laundering and terrorist financing in the member states of the Council of Europe.

MONEYVAL operates under the mandate of the Council of Europe and reports to the FATF.

It includes the countries of the Council of Europe which are not included in the FATF. Countries of the Council of Europe which are former members of the Committee but which subsequently became FATF members are also eligible to remain members of the Committee.

MONEYVAL’s governing body is the Bureau, which is headed by the Chairman. Vladimir Nechayev has chaired the group since December 2009.

The plenary meetings of the Committee are usually held 3 times a year. MONEYVAL also organizes events aimed at sharing expertise in the fight against money laundering and terrorism financing (seminars on typologies) and training assessors to participate in mutual evaluation missions (training seminars).

MONEYVAL is an associate member of the FATF.

Member states

• Albania
• Andorra
• Armenia
• Azerbaijan
• Bosnia and Herzegovina
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Estonia
• Georgia
• Hungary
• Latvia
• Liechtenstein
• Lithuania
• Malta
• Moldova
• Monaco
• Montenegro
• Poland
• Romania
• Russian Federation
• San Marino
• Serbia
• Slovakia
• Slovenia
• Macedonia
• Ukraine

There are also two countries designated by the FATF Presidency on a two years basis that are MONEYVAL members. For the current period, these are:

• Austria 
• United Kingdom

Observer states

• Canada
• Japan
• Israel (has active observer status)
• Mexico
• The Vatican
• United States
• FATF member states not included in MONEYVAL

Observer organizations

• FATF
• Commission of the European Communities
• Commonwealth Secretariat
• Egmont Group of Financial Intelligence Units
• Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG)
• European Bank of Reconstruction and Development (EBRD)
• International Monetary Fund (IMF)
• Interpol
• Offshore Group of Banking Supervisors (OGBS)
• Secretariat General of the Council of the European Union
• UN Counter-Terrorism Committee (CTC)
• UN Office on Drugs and Crime
• World Bank