Mutual Evaluation Reports

The International Financial Action Group ( FATF ) is an intergovernmental organization created in 1989 within the OECD with the aim of defining and promoting anti-money laundering strategies, at national and international level.

The  International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation ,  summarized in forty Recommendations and updated entirely in 2012, then revised in 2018, constitute reference principles that countries are called upon to implement in the context of their respective legal, administrative and financial. The Recommendations are accompanied by "Interpretative Notes" and a Glossary of definitions which form an integral part of the  standards .

The FATF carries out an intense activity aimed at promoting and verifying the application of international principles, in order to strengthen the commitment of States and increase the effectiveness of national measures to prevent and combat money laundering of illicit origin, the financing of terrorism and the proliferation of weapons of mass destruction.

In 2013, the FATF defined a new  Methodology for Assessing Compliance and Effective Implementation of the FATF Recommendations  which contains detailed criteria for the evaluation of the " technical compliance"  of national structures with respect to the  standards  and of the effectiveness ( effectiveness ) of measures taken. The Methodology forms the basis of the fourth cycle of  mutual evaluation.

 

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.
Links to:

 

 

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:

http://www.coe.int/t/dghl/monitoring/moneyval/Countries/San%20Marino_en.asp