The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) published a follow-up report finding that Slovakia has taken steps to strengthen its anti-money laundering and counter-terrorist financing framework but still has several shortcomings. MONEYVAL identified progress in addressing technical compliance deficiencies affecting Financial Action Task Force (FATF) standards on non-profit organisations (Recommendation 8), virtual assets and virtual asset service providers (Recommendation 15), and high-risk countries (Recommendation 19). However, the improvements were not sufficient for a ratings upgrade and all three recommendations remain Partially Compliant. Across the 40 FATF recommendations, Slovakia is rated Compliant on five, Largely Compliant on 23, and Partially Compliant on 12, with none assessed as non-compliant. MONEYVAL decided to keep Slovakia under its enhanced follow-up procedure. Slovakia is expected to report on overall progress within a year and to provide an update on compliance with FATF Recommendation 10 on customer due diligence at the next plenary meeting in June 2025.
Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) 2025-01-14
MONEYVAL keeps Slovakia under enhanced follow-up after limited progress on FATF compliance
MONEYVAL's follow-up report on Slovakia highlights steps taken to enhance its anti-money laundering and counter-terrorist financing framework, yet notes persistent shortcomings. Slovakia remains Partially Compliant with FATF Recommendations 8, 15, and 19, and is under enhanced follow-up. It must report progress within a year and update on Recommendation 10 compliance by June 2025.