Moneyval has published the second follow-up report of the 5th round of mutual evaluations of the Principality of Andorra, which was discussed and adopted at its 59th Plenary Session in December 2019.
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 since the mutual evaluation conducted in 2017 and the first follow-up report in December 2018, in order to comply with the FATF Recommendations.
Moneyval has upgraded to "Largely Compliant" the ratings of three Recommendations, in particular:
· Recommendation 25 (Transparency and beneficial ownership of legal arrangements)
· Recommendation 26 (Regulation and supervision of financial institutions)
· Recommendation 28 (Regulation and supervision of DNFBPs)