Andorra's progress in strengthening measures to tackle money laundering and terrorist financing

MONEYVAL 1st Follow-Up Report on Andorra, 2018

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Overall, Andorra has made commendable progress in addressing the TC deficiencies identified in its 2017 Mutual Evaluation Report and has been re-rated on 12 Recommendations.

  • Recommendations 2, 3, 12, 15, 16, 22, 23, 32 and 34, initially rated as PC, are re-rated as LC or C.
  • Recommendations 11, 20 and 21 initially rated as LC, are re-rated as C. 

Andorra is encouraged to continue its efforts to address the remaining deficiencies.

Andorra will remain in enhanced follow-up, and will continue to report back to MONEYVAL on further progress to strengthen its implementation of AML/CFT measures in a year’s time.

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