Moneyval

Moneyval is the MONEYVAL Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, a FATF-style regional body within the Council of Europe. Established in 1997, it conducts independent, peer-based assessments of how effectively its member jurisdictions implement international standards to prevent money laundering and the financing of terrorism.

Membership consists of Council of Europe member states and other jurisdictions that participate in the MONEYVAL evaluation process. The organization operates through plenary sessions and specialized working groups, with decisions taken by its member states. Its work is conducted through on-site evaluations, document reviews, and ongoing monitoring of progress.

A central function of MONEYVAL is to perform mutual evaluations of member regimes. These evaluations assess compliance with the FATF Recommendations and related international standards, and they typically result in a published Mutual Evaluation Report (MER) plus follow-up material. Jurisdictions are rated on a scale that commonly includes categories such as fully compliant, largely compliant, partially compliant, and noncompliant, with recommendations for remedial action where deficiencies are found.

Beyond evaluations, MONEYVAL tracks progress in implementing reforms, seeks action plans from jurisdictions, and conducts follow-up reporting to verify improvements. The body collaborates with financial intelligence units, supervisory authorities, law enforcement, and international partners, contributing to the global AML/CFT framework and supporting regional and international policy development. MONEYVAL is based in Strasbourg, France, and its work helps align European practices with established international standards for anti-money laundering and countering the financing of terrorism.