MONEYVAL’s 2024 Annual Report highlights ML/TF progress but flags gaps in investigations, asset recovery, sanctions, financial intelligence, preventive measures, and oversight of non-financial professions

MONEYVAL notes that its 33 member states are making solid headway in implementing AML/CFT measures, particularly in international cooperation and supervision of financial institutions. However, the report emphasises that significant gaps persist in several critical areas, indicating that many jurisdictions still fall short of fully meeting international standards…