Europe: Secretary General: Anti-money laundering controls should not be relaxed

Addressing MONEYVAL on the occasion of its 60th plenary meeting, Council of Europe Secretary-General Marija Pejčinović Burić has stressed the importance of not relaxing anti-money laundering controls, which is taking place in some countries, and of strengthening effective compliance with international standards.

In the current COVID-19 context, the Secretary-General warned that criminals must not be allowed to take advantage of the current crisis for their own profit. To tackle this risk, she called on MONEYVAL members to closely follow emerging trends in money laundering practices, including the use of technological innovations that may be misused by criminals.

With regard to MONEYVAL’s mandate, the Secretary-General underlined its dual role as a specialised Council of Europe monitoring body and as a contributor to the global system to combating money laundering and the financing of terrorism led by the Financial Action Task Force (FATF).

The original full article can be found at

(Photo: REUTERS/Yves Herman)

Ready to find out more?

Leave a Comment

Your email address will not be published.

Scroll to Top
Share via
Copy link
Powered by Social Snap