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Moneyval to Give Andorra High Marks in AML Report

By Irene Madongo

The European Union's anti-money laundering watchdog is set to say that the Principality of Andorra is in compliance with its recommendations on tackling financial crime, according to sources. The economic bloc's Moneyval found in a follow-up compliance report adopted last month that Andorra has addressed many of the concerns identified three years ago by the intergovernmental group, according to multiple sources with direct knowledge of the matter. Moneyval member-states adopted the report in September and plan to publish the findings next week, they said. In a March 2012 mutual evaluation report, the organization found Andorra compliant or largely compliant in...

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