Moneyval

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Moneyval is the Council of Europe's expert committee for the evaluation of measures against money laundering and terrorist financing.

Moneyval was founded in 1997 to oversee and facilitate the implementation of the 1990 Convention against Money Laundering and Terrorist Financing. Moneyval uses the standards of the FATF and reports to the FATF on its results. The aim of the work is to enforce the standards in countries that are members of the Council of Europe but not of the FATF.

Elżbieta Frankow-Jaśkiewicz has been the chairman since July 2019.

In addition to assessing the measures to combat money laundering in the individual member states, the organization has also been concerned with the question of the financial sources of terrorism since 2002. As part of this work, on-the-spot surveys are carried out in the Member States, the analysis of which will identify the fight against financial sources of terrorism. Moneyval has now completed the third round of its evaluation work and started the fourth round in 2010.

As a FATF member, Germany has also been a member of Moneyval since November 2019.

Web links

literature

  • Gerhard Mild, Special Monitoring Procedure for Combating Money Laundering and the Financing of Terrorism (Moneyval), in: Waldemar Hummer (Ed.), Austria in the Council of Europe 1956-2006 (2008) [1]