A joint FATF-MONEYVAL plenary meeting, hosted by the Council of Europe, brought together in Strasbourg on 12 and 13 June representatives of the Global Network of over 200 jurisdictions and observers aiming to strengthen global efforts to disrupt criminal activity.
The Global Network, which comprises the Financial Action Task Force (FATF) and the nine FATF-Style Regional Bodies - including the Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) - engaged in two days of technical discussions addressing key issues in money laundering, terrorism financing and proliferation financing.
This meeting marked a significant milestone by adopting a MONEYVAL mutual evaluation report on Latvia, the first worldwide evaluation under a new round of mutual evaluations assessing how effectively countries combat money laundering, terrorist financing and financing of proliferation of weapons of mass destruction in relation to the risks they face.
After consulting with a broad range of stakeholders, the joint plenary approved changes to the FATF Standards that will enhance the safety and security of cross-border payments, in line with the G20 initiative to make payments faster, cheaper, more transparent and accessible.
The plenary updated the FATF list of jurisdictions under increased monitoring and statements on "high-risk and other monitored jurisdictions". It welcomed, inter alia, the progress achieved by Croatia, which is a MONEYVAL member, in implementing FATF recommendations and decided that it will no longer be subject to increased monitoring.
FATF President Elisa de Anda Madrazo and MONEYVAL Chair Nicola Muccioli chaired the plenary meeting.
Link to the Outcomes of the Plenary
Video message by the FATF President and the MONEYVAL Chair
