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ANDORRA: Mountain state has made AML progress but gaps remain on VASPs, reports MONEYVAL

By Dan Byrne for AMLi

Andorra has been dealt a mixed bag of results in the latest review of its AML defences.

Significant progress has been noted around the governance of non-profits in the tiny Pyrenean nation, but it has fallen short in its handling of virtual assets, resulting in a rating downgrade.

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