On 7 December, Moneyval, the FATF-style regional body, said that Andorra has achieved full compliance with 9 of the 40 FATF Recommendations. It retains minor deficiencies in the implementation of 28 Recommendations where it has been found “largely compliant”. 3 recommendations (new technologies, powers of law enforcement and international instruments) remain “partially compliant”, but Andorra has no “non-compliant” ratings. Following up the original 2017 evaluation, the report is the 3rd follow-up report. Andorra will remain in enhanced follow-up and will continue to report back to MONEYVAL on progress to strengthen its implementation of AML/CFT measures. Andorra is expected to report back in 1 year’s time.
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