Estonia progress report adopted by Moneyval Committee at Romania’s proposal

The progress report on Estonia was unanimously adopted on Romania’s proposal by the Council of Europe’s Committee of Experts on the Evaluation of Anti- Money Laundering Measures and the Financing of Terrorism (MONEYVAL), the Romanian Ministry of Justice and Civic Freedoms announced on its Web site.


It added that the 31st plenary meeting of Moneyval Committee was held in Strasbourg, France on Dec. 7-11, with Romania being a rapporteur country.

The Romanian delegation was made up of Justice Ministry experts and experts of the National Office for the Prevention and Combat of Money Laundering (NOPCML).

The meeting also elected the Moneyval Office president and vice president, with NOPCML official Alexandru Codescu being elected an Office member.

Moneyval Committee was set up in 1997 as part of the Council of Europe, with its goal being to make sure that the states have efficient systems of combating money laundering and the financing of terrorism in line with the international standards. Moneyval has 28 standing members, Romanian included, two temporary members and two observers.

Source: Financiarul