At a joint FATF–MONEYVAL plenary in Strasbourg, FATF and the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) adopted a mutual evaluation report on Latvia, described as the first worldwide evaluation under a new round assessing the effectiveness of countries’ anti-money laundering, counter-terrorist financing and proliferation financing controls against their risks. The plenary also approved changes to the FATF Standards intended to enhance the safety and security of cross-border payments, aligned with the G20 initiative to make payments faster, cheaper, more transparent and accessible. It updated the FATF list of jurisdictions under increased monitoring and its statements on “high-risk and other monitored jurisdictions”, and decided Croatia will no longer be subject to increased monitoring in light of progress on implementing FATF recommendations. The meeting was chaired by FATF President Elisa de Anda Madrazo and MONEYVAL Chair Nicola Muccioli.
Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) 2025-06-13
FATF and the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism adopt Latvia mutual evaluation report under the new assessment round
At a joint plenary in Strasbourg, the Financial Action Task Force (FATF) and MONEYVAL adopted a mutual evaluation report on Latvia, marking the first evaluation under a new round assessing anti-money laundering and counter-terrorist financing controls. The plenary also approved changes to FATF Standards to enhance cross-border payment safety and updated the list of jurisdictions under increased monitoring, removing Croatia due to its progress.