MONEYVAL and FATF discuss Money Laundering
On November 24-26, 2008, the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and Financing of Terrorism (MONEYVAL) and the Financial Action Task Force (FATF) held a joint meeting in Monte Carlo. The event was organised to discuss typologies of money laundering and terrorist financing.
The event was hosted by the government of Monaco. It was opened by Prince Albert II of Monaco as well as by the president of MONEYVAL Vasil Kirov and the president of FATF Antonio Gustavo Rodrigues.
This meeting was important because it brought together law enforcement experts and regulatory authorities, and they had a possibility to share experiences and discuss what they learned from their practice. The event focused on the ways money launderers operate through the money service businesses, securities industry and sports clubs. So, it was aimed to examine emerging trends and patterns in these sectors.