Strasbourg, 20 March 2008 MONEYVAL (2008) 8 rev EUROPEAN COMMITTEE ON CRIME PROBLEMS (CDPC) COMMITTEE OF EXPERTS ON THE EVALUATION OF ANTI-MONEY LAUNDERING MEASURES AND THE FINANCING OF TERRORISM MONEYVAL 25 th PLENARY MEETING OF MONEYVAL Strasbourg, 3 – 6 December 2007 MEETING REPORT Memorandum prepared by the MONEYVAL Secretariat Directorate General of Human Rights and Legal Affairs
[email protected] - Fax +33 (0)3 8841 3017 – http://www.coe.int/moneyval EXECUTIVE SUMMARY During the 25 th Plenary meeting, held in Strasbourg from 3 to 6 December 2007, on the occasion of its 10 th Anniversary, MONEYVAL heard interventions from the Secretary General of the Council of Europe, the President of FATF, the Chairman of the Committee of Ministers’ Deputies and the Chairman and former Chairmen of MONEYVAL. A structured discussion on the ‘Risk Based Approach to Combating Money Laundering and Financing of Terrorism’ was moderated by Professor Michael LEVI (United Kingdom). Presentations were also made on the EU 3 rd Directive, by Mr. H. LAFERLA (Malta), Professor W. GILMORE (Legal Scientific Expert) and Mr. P. COSTANZO (European Commission). The plenary: - Discussed and adopted the draft 3 rd round report as amended (and subject to consequential editorial changes by the Secretariat) on Monaco and its draft summary. - Adopted the 3 rd round progress report on Latvia; took note of the 1 st progress report on Montenegro; and invited Lithuania to amend its progress report and submit it to the 26 th plenary. - Agreed to move at this meeting to step 5 of the Compliance Enhancing Procedures (High level mission).