by AdrianaAMLP | Feb 26, 2024
Notes that conversion from intelligence obtained through suspicious transactions reports (STRs) and other reports into case investigations and ultimately prosecutions is insufficient. The absence of a beneficial ownership framework is also remarked upon.
by AdrianaAMLP | Feb 26, 2024
Finds that the overall understanding of ML/TF risks is “fair and narrow”, although most prosecutions comprise simple cases of possession of cash proceeds derived for drug trafficking.
by AdrianaAMLP | Feb 25, 2024
The next round of mutual evaluations will be a six-year cycle, significantly shorter than earlier rounds, which lasted 10 years on average. There will be a strenghtened focus on effectiveness and greater emphasis on the major risks and context. Recommendations will...
by AdrianaAMLP | Feb 12, 2024
MONEYVAL’s evaluation report on Azerbaijan notes that the country demonstrates a fair understanding of ML/TF risks, according to which domestic corruption, tax related crimes, smuggling and drug trafficking are the main ML predicate offences.
by AdrianaAMLP | Feb 11, 2024
Note minor deficiencies in the implementation of the requirements in Recommendations 17, 22 and 28 and these have been re-rated.
Recent Comments