| Author (Corporate) | Council of Europe |
|---|---|
| Publisher | Council of Europe |
| Publication Date | 2008 |
| Content Type | Overview |
|
Money laundering, a process used to give criminal earnings an ostensibly lawful origin, is becoming increasingly internationalised – and is a particular threat to transition economies. Recent experience also shows that organised terrorist groups misuse the world financial system to fund their criminal operations. The measures taken to prevent and discourage money laundering must thus be extended to the funding of terrorism. Various international agencies, such as the Financial Action Task Force on Money Laundering (FATF), monitor national and international measures taken in this field. At the Council of Europe, the Committee of Experts on the Evaluation of Money Laundering Measures (Moneyval) was set up in 1997. This is a control and monitoring mechanism for Council of Europe member states which do not belong to the FATF, and its purpose is to make national norms and international principles more compatible. |
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| Source Link | http://www.coe.int/t/dc/files/themes/economic_crime/default_en.asp? |
| Subject Categories | Justice and Home Affairs, Security and Defence |
| Countries / Regions | Europe |
