MONEYVAL report on the 4th round assessment visit in San Marino
The mutual evaluation report on the 4th assessment visit in San Marino is now available for consultation.
The report was adopted at MONEYVAL’s 36th Plenary meeting (Strasbourg, 26-30 September 2011). The MONEYVAL 4th cycle of assessments is a follow-up round, in which important FATF Recommendations have been re-assessed, as well as all those for which the state concerned received NC or PC ratings in its 3rd round report. This report on San Marino is not, therefore, a full assessment against the FATF 40 Recommendations and 9 Special Recommendations but is an update on major issues in the Sammarinese AML/CFT system.
MONEYVAL will continue to monitor implementation of the recommendations through its regular follow-up procedure, which require the country to submit within two years information on the actions it has taken to address the deficiencies underlying any of the recommendations rated “Non Compliant” (NC) or “Partially Compliant” (PC) and encourages it to seek removal from the follow up process within three years after the adoption of the evaluation.
Please find at the following link the previous San Marino reports: