Slovenia Makes Progress in Anti-Money Laundering Compliance

Ljubljana, Slovenia

The Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) has published a follow-up report on Slovenia, highlighting significant progress made in strengthening its framework to tackle money laundering and terrorist financing.

Key Findings

• Slovenia has taken steps to address technical compliance deficiencies identified by MONEYVAL since the adoption of its mutual evaluation report in June 2017.
• The follow-up report examines whether Slovenia has implemented new measures to meet the requirements of Financial Action Task Force (FATF) Recommendations that have changed since the country’s previous evaluation.

Progress and Ratings

As a result of this progress, MONEYVAL has re-rated Slovenia from “partially compliant” to “compliant” on Recommendation 16 (wire transfers). The ratings for other Recommendations, including those related to targeted financial sanctions and internal controls, remain unchanged.

Enhanced Follow-Up Process

Slovenia will continue in an enhanced follow-up process and is expected to report back to MONEYVAL by December 2019 on further progress in strengthening its implementation of anti-money laundering and counter-terrorist financing measures.