The Committee of Experts of the European Council that evaluates the measures taken in matters of money laundering and the financing of terrorism (Moneyval) has published its Annual Report 2018.
The report notes the progress made my Andorra in its fight against money laundering and the financing of terrorism, progress shown during the 5th evaluation of the country which took place in 2017 and during which the Committee highlighted and took a very positive view of the profound legislative changes carried out by the Principality, resulting in 12 recommendations getting a higher rating.
The report also urges the country to continue working on improving the measures to fight money laundering and the financing of terrorism.
Of the 28 jurisdictions assessed by Moneyval, Andorra was the 6th to be subjected to the 5th evaluation.
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