On 31st May, the Council of Europe announced that its AML/CFT body Moneyval has just published its General Activity Report for 2017.  The Moneyval chairman pointed out that it is evident that the threats of being exposed to money laundering and terrorist financing are increasing. He also stressed that countless cases of money laundering are being reported by the media and brought to the attention of the general public.  “The lack of transparency of legal entities and trusts persist and international co-operation is still not working as effectively as it should be. We also need to improve information-sharing with the private sector and across borders”, he said.  Moreover, the Chairman underlined the need for more specialised training for investigators and prosecutors and to involve prosecutors at the early stages of investigations.


Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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