GIBRALTAR: MONEYVAL AML/CFT ASSESSMENT FOLLOW-UP REPORT

The November 2021, 1st follow-up report on Gibraltar, following its mutual evaluation report of December 2019, has been released.  It says that Gibraltar has made progress to address the Technical Compliance (as normal, the report does not address effectiveness ratings) deficiencies identified in the MER.  As a result of this progress, Gibraltar has been re-rated on FATF Recommendations 1, 11, 12, 13, 22, 24, 25, 26 and 28.  Recommendation 15 is re-rated from C to LC.  Gibraltar will remain in enhanced follow-up, and will continue to report back to MONEYVAL on progress to strengthen its implementation of AML/CFT measures; and is expected to report back within 3 years.

https://www.coe.int/en/web/moneyval/-/moneyval-report-on-gibraltar-sees-improvement-in-fighting-money-laundering-and-terrorist-financing

https://rm.coe.int/moneyval-2021-33-fur-gibraltar/1680a4dd10

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at https://www.buymea3coffee.com/KoIvM842y

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: