Andorra's measures to combat money laundering and the financing of terrorism and proliferation

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English

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MONEYVAL Mutual Evaluation Report of Andorra - 2017

Filename
MONEYVAL-MER-Andorra-2017.pdf
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2 MB
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Andorra's measures to combat money laundering and the financing of terrorism and proliferation

This report provides a summary of the anti-money laundering (AML) and counter-terrorist financing  (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. 

Andorra's main ML threat originates from foreign criminals who use the Andorran financial system to launder proceeds from foreign predicate crimes. The NRA identifies that tax evasion, fraud, corruption, drug trafficking and tobacco smuggling pose a threat to Andorra.

The findings of this assessment have also been reviewed and endorsed by the FATF. 

Download the report: 

MONEYVAL Mutual Evaluation Report of Andorra - 2017

 

More information: 

The FATF Recommendations

FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems

Consolidated assessment ratings - an overview of ratings that assessed countries obtained for effectiveness and technical compliance.

Key findings, ratings and priority actions: