Europe publishes strategy on combating ML/TF

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MONEYVAL, The Council of Europe’s anti-money laundering body, has published its strategy on combating money laundering, terrorist financing, and proliferation financing between 2023 and 2027.

The strategy is underpinned by six ‘strategic pillars’ of action:

  • Continuing and enhancing MONEYVAL’s monitoring programme;
  • Developing the role of MONEYVAL as a regional reference point on AML/CTF implementation;
  • Developing MONEYVAL’s role in the FATF global network and with external counterparts;
  • Developing synergies with partners across the Council of Europe;
  • Development of political standing and media visibility; and
  • Resourcing of MONEYVAL.

Firms with operations in Europe should take note of MONEYVAL’s strategic objectives to combating ML, TF, and PF between 2023 and 2027.

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