AML/CFT policies of the EU; MONEYVAL report

The Council of Europe’s anti-money laundering Committee (MONEYVAL) on 17 November 2014 published a report entitled ‘Strengthening Financial Integrity through Financial Inclusion‘. The Commissioner for Migration, Home Affairs and Citizenship mentioned in a speach of the same date the importance of the EU activities regarding AML/CFT:

Implementation of the Terrorist Financing Tracking Programme and other instruments such as the network of Financial Intelligence Units and anti-money laundering initiative are crucial for that reason.

Worrying is that the documents show that European institutions do not pay attention to the problems that companies have with the AML/CFT bureaucracy and with the fast changing regulations.

More information

The Council of Europe (COE), or Conseil de l’Europe (CdE) is a European organisation in Strasbourg, site:, read their general introduction.
It should not be mixed up with the Council of the European Union (Raad van de Europese Unie), site:, that is an institution of the European Union (wikipedia).

Over Ellen Timmer

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