Monaco Takes Part in the Evaluator Training Seminar of the Moneyval Committee and the FATF

From left to right:  Kevin Vendergrift, Karine Imbert, Yehuda Shaffer, John Ringguth, Richard Walker and Odile Gebbarth (Moneyval Secretariat).  ©SICCFIN

As part of the 5^th round evaluations of the countries that take part in the Moneyval Committee on Combating Money Laundering and Financing of Terrorism (LCB-FT), the General Secretariat of this Council of Europe monitoring mechanism organised an evaluator training seminar in conjunction with the Financial Action Task Force (FATF).

This seminar, which brought together more than 40 participants from many different countries (Poland, the United States, Georgia, Lithuania, Greece, Canada, Russia, Italy, Liechtenstein, etc.), took place from 15 to 19 April 2019 at the premises of the "Guardia di Finanza" Economic and Financial Police School in Rome-Ostia, Italy.

The aim of the seminar was to train experts to evaluate the policies put in place and the actions undertaken by the various countries that belong to the Moneyval Committee in the field of AML/CFT.  State evaluations are carried out by peers.

At this seminar, participants learned how to evaluate the policies implemented by the courts with regard to the 40 FATF Recommendations (Technical Compliance) and a series of ranked outcomes (the 11 Immediate Outcomes that assess the effectiveness of the measures provided for by the texts, and whether the requirements have been met.) 

This seminar, which was attended by Karine Imbert, Head of Section, SICCFIN Analyst, was led by Yehuda Shaffer, former Deputy Attorney General of Israel, John Ringguth, an eminent British lawyer and former member of the Prosecution Department at the Crown Prosecution Service and former Executive Secretary of the Moneyval Committee, Richard Walker, Director of Financial Crime Policy, Guernsey and Kevin Vendergrift, Senior AML/CFT Policy Analyst at the FATF.

For the third consecutive year¹, SICCFIN has enrolled one of its agents in the training session organised by the FATF and the Moneyval Committee, thus showing the Principality's commitment to combating money laundering and the financing of terrorism.   

¹ Louis Danty followed this training in 2017 (in Nice), and Jean-Marc Gualandi in 2018 (in Larnaca, Cyprus).