The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) published its annual report for 2024, finding that its member states and territories have made progress in implementing international standards on anti-money laundering, counter-terrorist financing and proliferation financing, while significant shortcomings remain in several core effectiveness areas. During MONEYVAL’s fifth evaluation round, launched in 2015 and completed in 2024 with the assessments of Bosnia and Herzegovina and the United Kingdom Crown Dependencies of Jersey and Guernsey, jurisdictions generally performed well on international co-operation, beneficial ownership transparency and supervision of financial institutions. The report highlights ongoing 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 including lawyers, notaries, accountants, auditors, tax advisors, real estate agents, and dealers in precious metals and stones. It also notes that follow-up processes led to 193 technical compliance upgrades across MONEYVAL jurisdictions, with nine downgrades mainly linked to identifying and assessing risks from new products, business practices and technologies. The report confirms that MONEYVAL launched its sixth round of evaluations in 2024, adopting the first report of the new global evaluation cycle, Latvia’s mutual evaluation, at a joint MONEYVAL-FATF plenary in Strasbourg in June 2025; evaluations of Serbia, Slovenia and Armenia are next to be adopted.
Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) 2025-11-07
Committee of Experts on the Evaluation of Anti-Money Laundering Measures MONEYVAL annual report notes implementation progress but persistent gaps in enforcement and sanctions
MONEYVAL's 2024 report shows progress in anti-money laundering and counter-terrorist financing standards, but significant shortcomings remain in core effectiveness areas. The fifth evaluation round highlighted strong international cooperation and beneficial ownership transparency but noted weaknesses in money laundering prosecution and asset confiscation. The sixth evaluation round began in 2024, with Latvia's mutual evaluation adopted in June 2025.