The Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) published a follow-up report on North Macedonia, finding that the country has strengthened its anti-money laundering and counter-terrorist financing framework since its last evaluation, but still has material shortcomings to address. The review upgrades three Financial Action Task Force (FATF) recommendations from “partially compliant” to “largely compliant”, covering wire transfers, internal controls and oversight of foreign branches, and transparency on the beneficial ownership of trusts and similar legal arrangements. Progress on financial sector regulation and supervision (Recommendation 26) was assessed as insufficient to change its rating, which remains “partially compliant”. Overall, North Macedonia now has 31 of the 40 FATF recommendations rated compliant or largely compliant, and 9 rated partially compliant. North Macedonia is due to report back to MONEYVAL in one year on further progress in strengthening its anti-money laundering and counter-terrorism financing measures.
Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) 2025-06-25
Committee of Experts on the Evaluation of Anti-Money Laundering Measures upgrades North Macedonia to largely compliant on three FATF recommendations but keeps supervision partially compliant
MONEYVAL's follow-up report on North Macedonia highlights improvements in its anti-money laundering and counter-terrorist financing framework, upgrading three FATF recommendations to "largely compliant." However, the country still faces material shortcomings, with Recommendation 26 on financial sector regulation and supervision remaining "partially compliant." North Macedonia now has 31 of 40 FATF recommendations rated compliant or largely compliant.