MONEYVAL evaluation and follow-up process
On the 10 October 2012 the Council of Europe‘s Committee of Ministers passed resolution CM/Res (2012)6 authorising the participation of the Isle of Man in the mutual evaluation process and procedures of the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (“MONEYVAL”). This allows the Isle of Man to participate in MONEYVAL’s evaluation and follow-up procedures. A link to resolution CM/Res (2012)6 can be found here.
The Island’s First 3rd Round Written Progress Report outlining progress made by the Isle of Man to implement recommendations previously identified by the IMF, was presented and adopted at the MONEYVAL Plenary in September 2013 and published on MONEYVAL’s website. A link to the Isle of Man’s First 3rd Round Written Progress Report can be found here.
A link to a statement issued by the Chief Minister can be found here.