Anti-Financial Crime & Financial Crime Compliance
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MONEYVAL issues report on AML supervisory activities during COVID-19 pandemic; reveals money laundering risks mitigated by switch to digital operations

By Alisha Houlihan for AMLi

The Council of Europe’s anti-money laundering committee, MONEYVAL, has published a report to assist authorities in effectively carrying out anti-money laundering, counter-terror financing (AML/CTF) supervisory activities during “challenging external factors”. 

The report consists of information collected from supervisors and other international actors about their efforts to cope with the challenges of the COVID-19 pandemic, including temporary restrictions on movement, limited human resources and technical difficulties. 

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