Andorra Tackles Money Laundering and Terrorist Financing

The Principality of Andorra is intensifying its efforts to combat money laundering and terrorist financing, with a strong focus on legislative initiatives that align with international standards. This commitment to combating financial crimes has led to regular evaluations by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism of the Council of Europe’s Moneyval.

Aligning with International Standards

Andorra is committed to meeting all relevant international standards, as outlined in FATF recommendations. This includes staying up-to-date with evolving threats and adapting its legislative measures accordingly. By prioritizing these efforts, Andorra aims to maintain a robust stance against money laundering and terrorist financing.

Key Initiatives

• Implementing EU regulations stemming from the Monetary Agreement between Andorra and the European Union
• Regular evaluations by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism of the Council of Europe’s Moneyval

Staying Ahead of Evolving Threats

Andorra has been proactive in adopting legislative measures to combat money laundering and terrorist financing. This proactive approach enables the country to stay ahead of evolving threats and maintain a strong stance against financial crimes.

Resources for Further Information

For more information on Andorra’s efforts to prevent money laundering and terrorist financing, readers can visit the website of the Unitat d’Intel·ligència Financera d’Andorra at www.uifand.ad.