EU Publishes Strategy on Combating ML/TF

The strategy is underpinned by six ‘strategic pillars’ of action:

• Continuing and enhancing MONEYVAL’s monitoring programme;
• Developing the role of MONEYVAL as a regional reference point on AML/CTF implementation;
• Developing MONEYVAL’s role in the FATF global network and with external counterparts;
• Developing synergies with partners across the Council of Europe;
• Development of political standing and media visibility; and
• Resourcing of MONEYVAL.

Firms with operations in Europe should take note of MONEYVAL’s strategic objectives to combating ML, TF, and PF between 2023 and 2027.