Moneyval Committee: activities

Money

Fight against money laundering


The MONEYVAL Committee


Money laundering directly threatens the rule of law. It provides organised crime with its cash flow and investment capital, and the incentive to commit more proceeds-generating crime nationally and trans-nationally. In addition, organised terrorist groups also misuse the world’s financial system to fund their illegal operation.

The Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) was established in 1997 as an evaluation and peer pressure mechanism. Its aim is to ensure that its member states have in place effective systems to counter money laundering and terrorist financing and comply with the relevant international standards in these fields.

MONEYVAL also conducts typologies studies of money laundering and terrorist financing methods, trends and techniques.

MONEYVAL currently comprises 30 members which are subject to its evaluation processes and procedures, each member being entitled to appoint up to three representatives. Furthermore, the presidency of the Financial Action Task Force (FATF) shall appoint two delegations from among two states members of the FATF, composed each of one representative appointed for a term of office of two years renewable.

15 years of evaluation

The Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) celebrated its 15th anniversary during the plenary meeting from 3 to 7 December 2012 in Strasbourg.

COP 198

Recent experience has shown that organised terrorist groups also misuse the world's financial system to fund their illegal operations, thus posing a serious risk to financial institutions of being used for hiding terrorist money. Measures aiming at the prevention and deterrence of money laundering therefore need to be extended to terrorist financing.

The Conference of the Parties under the Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism (CETS No. 198) monitors the proper implementation of the Convention by the Parties.

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