Here is the article in markdown format:

Andorra Makes Progress in Anti-Money Laundering Efforts, MONEYVAL Reports

Andorra has made significant progress in strengthening its framework to combat money laundering and terrorist financing, prompting MONEYVAL to re-rate the country on several key recommendations.

MONEYVAL’s Follow-up Report

According to a follow-up report published by MONEYVAL, Andorra’s efforts have earned it improved ratings on 12 out of 40 recommendations. The report analyzes Andorra’s progress in addressing technical compliance deficiencies identified during its mutual evaluation and examines whether the country has implemented new measures to meet the requirements of FATF recommendations that have changed since its 2017 evaluation.

Improved Ratings

As a result, MONEYVAL has upgraded Andorra’s ratings on several key recommendations, including:

• Money laundering offences
• Politically exposed persons
• Wire transfers
• Due diligence for certain high-risk sectors (now rated as “largely compliant”)

Additionally, MONEYVAL has re-rated Andorra as “compliant” on several other recommendations, including:

• National cooperation and coordination
• Record keeping
• Reporting of suspicious transactions
• Cash couriers

Unchanged Ratings

However, the ratings for two recommendations remain unchanged:

• Targeted financial sanctions related to proliferation (previously rated as “compliant”)
• Internal controls and foreign branches and subsidiaries (previously rated as “largely compliant”)

Future Requirements

Andorra will continue to be subject to enhanced follow-up by MONEYVAL and is required to submit a further progress report in December 2019. The country’s efforts to strengthen its AML/CFT framework are seen as crucial in combating financial crimes and protecting the integrity of the international financial system.

I hope this helps! Let me know if you need any further assistance.