UIFAND News

A training regarding the changes introduced by Law 37/2021, of December 16, amending Law 14/2017, on the prevention and fight against money laundering and terrorist financing, has been planned by the UIFAND for February 10th, between 10-11:30h. In case you are interested in attending this training, please contact your professional association or college or the UIFAND directly at This email address is being protected from spambots. You need JavaScript enabled to view it. in order to obtain the access codes.

As of today, Law 37/2021, of December 16, amending Law 14/2017, on the prevention and fight against money laundering and terrorist financing published on January 3 in the Andorran Official Gazette is available in the "National legislation" section.

Moneyval Av5 Inf3 2021Moneyval has published the third follow-up report of the 5th round of mutual evaluations of the Principality of Andorra, which was adopted on November 2021.

pdf Report (english)

The report is available in the "Moneyval" section and on the Moneyval’s website..

This report evaluates the progress made by the Principality of Andorra and the new measures that have been put in place to comply with the FATF Recommendations since the mutual evaluation conducted in 2017 and the first and second follow-up reports of December 2018 and December 2019, respectively.

On this occasion, Moneyval has upgraded to "Largely Compliant" the rating of Recommendation 8, related to non-profit organisations (NPOs), which places Andorra in a position of “Compliant” or “Largely Compliant” with 37 out of the 40 FATF Recommendations.

The FATF has published an update of the Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers, which is available at the following link.

The Ministry of Justice and Interior has published a guide for associations and foundations on the prevention of terrorist financing, which is available at the following links:

https://www.associacions.ad/prevencio-financament-terrorisme
https://www.interior.ad/fundacions/prevencio-financament-terrorisme

A new informative note addressed at NPOs, with the aim to help to mitigate the inherent terrorist financing risks via a series of best practices, is available at the section "Other publications".

The Basel Institute of Governance has published the 2021 edition of their AML Index, which is available at the following link.

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