Andorra Takes a Stand Against Money Laundering and Terrorist Financing

A Commitment to International Standards

The Principality of Andorra has made significant strides in combating money laundering and terrorist financing by adopting regular legislative updates to align with international standards. This commitment is driven by its obligations under the Monetary Agreement with the European Union, which involves transposing EU regulations related to anti-money laundering measures.

Regular Evaluations for Compliance

Andorra’s efforts are subject to ongoing evaluations by Moneyval, a committee of experts from the Council of Europe tasked with assessing the country’s anti-money laundering and counter-terrorism financing framework. This ensures that Andorra remains compliant with international requirements.

Key Recommendations from FATF

The Financial Action Task Force (FATF) recommendations play a critical role in ensuring that Andorra’s implementation meets international standards. These recommendations are instrumental in guiding Andorra’s efforts to combat money laundering and terrorist financing effectively.

Resources for More Information

For those interested in learning more about Andorra’s progress in combating money laundering and terrorist financing, the following resource is available:

• Unitat d’Intel·ligència Financera d’Andorra (UIFA) Website: www.uifand.ad

By staying informed about Andorra’s efforts to combat money laundering and terrorist financing, we can all play a part in promoting global financial stability.