The Council of Europe’s MONEYVAL issued follow-up reports on Azerbaijan, Croatia and Estonia, reassessing technical compliance with a number of Financial Action Task Force (FATF) recommendations on anti-money laundering and counter-terrorist financing. The reviews conclude that all three jurisdictions have strengthened aspects of their frameworks, with Azerbaijan receiving multiple rating upgrades, Croatia showing progress but with remaining deficiencies, and Estonia bolstering measures including those linked to proliferation financing. Azerbaijan’s compliance rating was upgraded on seven FATF recommendations covering non-profit organisations, money or value transfer services, wire transfers, transparency and beneficial ownership of legal persons, regulation and supervision of financial institutions, statistics, and guidance and feedback to defined market players, leaving it rated compliant on eight recommendations, largely compliant on 28 and partially compliant on four. Croatia was recognised for steps to enhance its AML/CFT regime and significant progress in addressing technical compliance deficiencies affecting the application of FATF standards to non-profit organisations, but MONEYVAL noted that some shortcomings persist; it is rated compliant on seven recommendations, largely compliant on 27 and partially compliant on three. Estonia was found to have improved measures against money laundering, terrorist financing and proliferation financing, including strengthening its legal and institutional framework for targeted financial sanctions related to weapons of mass destruction proliferation financing and new technologies; it is rated compliant on seven recommendations, largely compliant on 21 and partially compliant on 12.

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