The Council of Europe’s anti-money laundering and counter-terrorist financing body MONEYVAL published its 2024 annual report, finding that its member states and territories have made progress in implementing international standards on money laundering, terrorist financing and proliferation financing, but that significant shortcomings remain in several key areas. Across the 5th evaluation round launched in 2015, jurisdictions performed relatively well on international cooperation, beneficial ownership transparency and supervision of financial institutions. The report nonetheless highlights weaknesses in investigating and prosecuting money laundering, asset confiscation, implementing targeted financial sanctions, using financial intelligence, applying preventive measures, and supervising designated non-financial businesses and professions such as lawyers, notaries, accountants, auditors, tax advisers, real estate agents, and dealers in precious metals and stones. It also notes that follow-up processes led to 193 technical compliance upgrades in MONEYVAL jurisdictions (with nine downgrades), with most downgrades linked to identifying and assessing money laundering and terrorist financing risks from new products, business practices and technologies. MONEYVAL reports that it completed the 5th round assessments in 2024, including evaluations of Bosnia and Herzegovina and the United Kingdom Crown Dependencies of Jersey and Guernsey. It also launched its 6th round in 2024, with the first report of the new cycle (Latvia) adopted in June 2025 at a joint MONEYVAL–Financial Action Task Force plenary; reports on Serbia, Slovenia and Armenia are scheduled to be the next adopted.

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