The 56th Plenary Assembly of the MONEYVAL Committee took place in Strasbourg from 2 to 6 July 2 to 6 with a completely new Monaco delegation attending.
The Committee of Experts on the Evaluation of Measures against Money Laundering and the Financing of Terrorism (MONEYVAL) is a permanent monitoring body of the Council of Europe responsible for assessing compliance with the main standards in the fight against money laundering and the financing of terrorism.
Through a dynamic process of mutual evaluation, peer review and regular monitoring of its reports, MONEYVAL aims to improve the capacity of national authorities to combat money laundering and terrorist financing more effectively.
The Principality was represented by an entirely new delegation composed of Philippe Boisbouvier, Technical Advisor acting as Acting Director of SICCFIN, Jean-Marc Gualandi, Technical Advisor (MONEYVAL and GRECO expert) and Louis Danty (MONEYVAL expert. The team’s mission is to prepare the fifth cycle of evaluation of the Principality of Monaco, which should take place at the end of 2019, or at the latest, the beginning of 2020.
Many contacts were made or renewed with the members of the Bureau and the Secretariat of the Committee, but also with the representatives of many delegations.
Among the topics presented and discussed were: “Breaking the anonymity of virtual currencies”, a presentation by David Parody, (Gibraltar); and “Tips for Identifying, Assessing and Understanding the Risk of Terrorist Financing in Financial Centres”, presented by Richard Walker (Guernsey).