A new technical communiqué (CT-03/2022), regarding the update of the European Union’s list on high-risk third countries, is now available in the "Applicable Technical Communiqués" section.
UIFAND News
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The FATF has published a new guide on the risk-based approach for the real estate sector, with the goal to ensure that this sector adopts the necessary measures to adequately mitigate the ML/TF risks it faces. This guide can be consulted at the FATF website following this link, as well as at the "real estate agents" section, as "other relevant documentation". |
The member of the Supervision and Control Division of the UIFAND, Mr. Gerard Prast Clavero, who has already previously collaborated with Moneyval as an international evaluator, has been appointed as a secondee to the Secretariat of this Committee of Experts of the Council of Europe from next September 2022, while keeping his professional ties with the UIFAND.
Such appointment constitutes a great recognition of the work done by this Unit and the Principality in terms of fighting against money laundering and terrorist financing and represents a reinforcement of the Andorran presence in international organisations.
The technical communiqué CT-02/2022, regarding the update of the FATF’s list of high-risk countries, is now available in the Applicable Technical Communiqués section.
The Andorran Official Gazzette (BOPA) publishes Decree 247/2022, of 8-6-2022, amending Decree 111/2022, of 25-3-2022, on restrictive measures in relation to the conflict between Ukraine and the Russian Federation, which amends annex 4 of Decree 111/2022 to add 18 legal persons.
As of today, the Decree 214/2022, amending the Regulation regulating the register and access to the information related to beneficial ownership on the legal entities’ register and the Decree 215/2022, amending the Regulation regarding the Register of Trusts and Similar Legal Arrangements Service Providers published on June 1 in the Andorran Official Gazette is available in the "National legislation" section.
On April 2022, the FATF published the "report on the state of effectiveness and compliance with the FATF standards", which gives a comprehensive overview of the state of global efforts to tackle money laundering, terrorist and proliferation financing.
The report is based on data from FATF and FSRB mutual evaluation reports since 2013, which assessed the strengths and weaknesses of national frameworks to tackle these crimes.
Both the report and the press release can be seen at the following link:
https://www.fatf-gafi.org/publications/fatfgeneral/documents/effectiveness-compliance-standards.html (English version only)
Moneyval has published its annual report 2021. Both the report and the press release can be seen at the following links:
https://www.coe.int/en/web/moneyval/-/stricter-regulation-of-virtual-assets-and-specialised-gatekeeper-professions-should-be-priorities-in-combating-money-laundering (English version)
https://www.coe.int/fr/web/moneyval/-/stricter-regulation-of-virtual-assets-and-specialised-gatekeeper-professions-should-be-priorities-in-combating-money-laundering (French version)
The Andorran Official Gazzette (BOPA) publishes Decree 179/2022, of 4-5-2022, amending Decree 111/2022, of 25-3-2022, on restrictive measures in relation to the conflict between Ukraine and the Russian Federation, which amends annex 3 of Decree 111/2022 to add 2 natural persons.
The UIFAND publishes their Activity Report corresponding to the year 2021.
The document is also available in the section "Activity Reports"
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