The Council of Europe has established two different mechanisms to combat money laundering and terrorist financing that work in close co-operation: MONEYVAL and the Conference of the Parties to CETS 198.

The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) is an independent monitoring body which assesses compliance with the principal international standards to counter money laundering and terrorist financing. MONEYVA is an associate member of the Financial Action Task Force (FATF).

The Conference of the Parties (CoP) to the Council of Europe “Warsaw” Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism is responsible for monitoring the provisions of that convention. The action of the Conference of the Parties is central to the fight against organised crime and contributes to the Council of Europe’s action against corruption, human trafficking, cybercrime and economic crime in general.

The aim of MONEYVAL is to ensure that its member states have in place effective systems to counter money laundering and terrorist financing and comply with the relevant international standards in this matter. This includes several requirements on Governments to help NGOs protect themselves from TF risk. MONEYVAL engages with NGOs in the context of its mutual evaluations to determine the risk mitigating measures in assessed jurisdictions.