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

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.

MONEYVAL