On 29 January, FATF published the second follow-up report on Slovenia which says that while the country has made progress, some minor deficiencies identified in the mutual evaluation remain and Slovenia remains partially compliant on 10 FATF Recommendations.  Slovenia remains in enhanced follow-up and will report back to the Plenary within 1 year.  The mutual evaluation report of Slovenia was adopted in June 2017 and its first enhanced follow-up report with technical compliance re-ratings was adopted in December 2018.  As with that first follow-up, this new report addresses only technical compliance, and not effectiveness ratings.  The report says that, in light of the progress made by Slovenia, its technical compliance ratings with the FATF Recommendations are maintained.  However, Slovenia remains partially compliant on 10 Recommendations, including Recommendations 5 and 6.  Therefore, the recent FATF Plenary urged Slovenia to address the outstanding deficiencies as soon as possible.  In this respect, the Plenary recalled the expectation that countries will have addressed most, if not all, technical deficiencies by the end of the third year from the adoption of their mutual evaluation report.





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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