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

Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

Andorra Follow-up Report 2021

R.1 - Assessing risk & applying risk-based approach: LC
R.2 - National cooperation and coordination: C
R.3 - Money laundering offence: LC
R.4 - Confiscation and provisional measures: C
R.5 - Terrorist financing offence: LC
R.6 - Targeted financial sanctions related to terrorism & terrorist financing: LC
R.7 - Targeted financial sanctions related to proliferation: C
R.8 - Non-profit organisations: LC
R.9 - Financial institution secrecy laws: LC
R.10 - Customer due diligence: LC
R.11 - Record keeping: C
R.12 - Politically exposed persons: LC
R.13 - Correspondent banking: LC
R.14 - Money or value transfer services: LC
R.15 - New technologies: PC
R.16 - Wire transfers: LC
R.17 - Reliance on third parties: LC
R.18 - Internal controls and foreign branches and subsidiaries: LC
R.19 - Higher-risk countries: C
R.20 - Reporting of suspicious transactions: C
R.21 - Tipping-off and confidentiality: C
R.22 - DNFBPs: Customer due diligence: LC
R.23 - DNFBPs: Other measures: LC
R.24 - Transparency and beneficial ownership of legal persons: LC
R.25 - Transparency and beneficial ownership of legal arrangements: LC
R.26 - Regulation and supervision of financial institutions: LC
R.27 - Powers of supervisors: LC
R.28 - Regulation and supervision of DNFBPs: LC
R.29 - Financial intelligence units: LC
R.30 - Responsibilities of law enforcement and investigative authorities: C
R.31 - Powers of law enforcement and investigative authorities: PC
R.32 - Cash couriers: C
R.33 - Statistics: LC
R.34 - Guidance and feedback: LC
R.35- Sanctions: LC
R.36 - International instruments: PC
R.37 - Mutual legal assistance: LC
R.38 - Mutual legal assistance: freezing and confiscation: LC
R.39 - Extradition: LC
R.40 - Other forms of international cooperation: LC

C = compliant | LC = largely compliant | PC = partially compliant | NC = non-compliant

Earlier reports

4 Feb 2020

Andorra's progress in strengthening measures to tackle money laundering and terrorist financing The 2nd Enhanced Follow-up Report on Andorra was adopted by the MONEYVAL Committee at its 59th Plenary Session Strasbourg, 3-6 December 2019.
21 Feb 2019

Andorra's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Andorra's progress in addressing certain technical compliance deficiencies identified in its MER.
29 Nov 2017

Andorra's measures to combat money laundering and the financing of terrorism and proliferation The fifth round mutual evaluation report on Andorra was adopted by the MONEYVAL Committee at its 54th Plenary Session (Strasbourg, 28 September 2017 ). The report provides a summary of the anti-money laundering (AML) and countering the financing of terrorism (CFT) measures in place in the Principality of Andorra (Andorra) as at the date of the on-site visit (between 6 and 18 March 2017). It analyses the level of compliance with the Financial Action Task Force (FATF) 40 Recommendations and the level of effectiveness of Andorra’s AML/CFT system, and provides recommendations on how the system could be strengthened.
23 Jul 2008

Mutual Evaluation of Andorra Andorra is a member of Moneyval, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT standards in Andorra was conducted by Moneyval.

The FATF Recommendations

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.

Mutual Evaluations

The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system