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Mutual Evaluation of Slovenia - 2017
1. Anti-money laundering and counter-terrorist financing measures in Hungary – Mutual Evaluation Report – August 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL 1
Anti-money laundering and counter-
terrorist financing (AML/CFT)
measures in Slovenia
Fourth Round Mutual Evaluation
Ratings
August 2017
http://www.fatf-gafi.org/publications/mutualevaluations/documents/mer-slovenia-2017.html
2. Anti-money laundering and counter-terrorist financing measures in Hungary – Mutual Evaluation Report – August 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Ratings – Effectiveness (1/3)
2
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Slovenia has
achieved this
objective
1. ML and TF risks are understood and, where appropriate,
actions co-ordinated domestically to combat ML and TF
Moderate
2. International co-operation delivers appropriate information,
financial intelligence, and evidence, and facilitates action
against criminals and their assets
Substantial
3. Supervisors appropriately supervise, monitor and regulate
financial institutions and designated non-financial
businesses and professions (DNFBPs) for compliance with
AML/CFT requirements commensurate with their risks.
Moderate
4. Financial institutions and DNFBPs adequately apply AML/CFT
preventive measures commensurate with their risks, and
report suspicious transactions.
Moderate
3. Anti-money laundering and counter-terrorist financing measures in Hungary – Mutual Evaluation Report – August 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL 3
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Slovenia has
achieved this
objective
5. Legal persons and arrangements are prevented from misuse
for money laundering or terrorist financing, and information
on their beneficial ownership is available to competent
authorities without impediments
Moderate
6. Financial intelligence and all other relevant information are
appropriately used by competent authorities for money
laundering and terrorist financing investigations.
Moderate
7. Money laundering offences and activities are investigated
and offenders are prosecuted and subject to effective,
proportionate and dissuasive sanctions
Moderate
8. Proceeds and instrumentalities of crime are confiscated. Moderate
Ratings – Effectiveness (2/3)
4. Anti-money laundering and counter-terrorist financing measures in Hungary – Mutual Evaluation Report – August 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL 4
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Slovenia has
achieved this
objective
9. Terrorist financing offences and activities are investigated
and persons who finance terrorism are prosecuted and
subject to effective, proportionate and dissuasive sanctions.
Moderate
10. Terrorists, terrorist organisations and terrorist financiers are
prevented from raising, moving and using funds, and from
abusing the non-profit sector.
Moderate
11. Persons and entities involved in the proliferation of weapons
of mass destruction are prevented from raising, moving and
using funds, consistent with the relevant United Nations
Security Council Resolutions.
Moderate
Ratings – Effectiveness (3/3)
5. Anti-money laundering and counter-terrorist financing measures in Hungary – Mutual Evaluation Report – August 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL 5
Ratings – Effectiveness
0 1
10
0
High
Substantial
Moderate
Low
6. 6
Ratings – technical compliance
(1/5)
AML/CFT POLICIES AND COORDINATION
1. Assessing risks & applying a risk-based approach Pa Pa Pa Pa Partially compliant
2. National cooperation and coordination LarLarLarLar Largely compliant
MONEY LAUNDERING AND CONFISCATION
3. Money laundering offence LarLarLarLar Largely compliant
4. Confiscation and provisional measures LarLarLarLar Largely compliant
TERRORIST FINANCING AND FINANCING OF PROLIFERATION
5. Terrorist financing offence Pa Pa Pa Pa Partially compliant
6. Targeted financial sanctions related to terrorism & terrorist
financing Pa Pa Pa Pa Partially compliant
7. Targeted financial sanctions related to proliferation Pa Pa Pa Pa Partially compliant
8. Non-profit organisations Pa Pa Pa Pa Partially compliant
7. 7
Ratings – technical compliance
(2/5)
PREVENTIVE MEASURES
9. Financial institution secrecy laws LarLarLarLar Largely compliant
Customer due diligence and record keeping
10. Customer due diligence LarLarLarLar Largely compliant
11. Record keeping CoCoCoCo Compliant
Additional measures for specific customers and activities
12. Politically exposed persons Pa Pa Pa Pa Partially compliant
13. Correspondent banking Pa Pa Pa Pa Partially compliant
14. Money or value transfer services CoCoCoCo Compliant
15. New technologies CoCoCoCo Compliant
16. Wire transfers Pa Pa Pa Pa Partially compliant
8. 8
Ratings – technical compliance
(3/5)
PREVENTIVE MEASURES (continued)
Reliance, Controls and Financial Groups
17. Reliance on third parties LarLarLarLar Largely compliant
18. Internal controls and foreign branches and subsidiaries LarLarLarLar Largely compliant
19. Higher-risk countries LarLarLarLar Largely compliant
Reporting of suspicious transactions
20. Reporting of suspicious transactions CoCoCoCo Compliant
21. Tipping-off and confidentiality CoCoCoCo Compliant
Designated non-financial Businesses and Professions (DNFBPs)
22. DNFBPs: Customer due diligence LarLarLarLar Largely compliant
23. DNFBPs: Other measures LarLarLarLar Largely compliant
TRANSPARENCY AND BENEFICIAL OWNERSHIP OF LEGAL
PERSONS AND ARRANGEMENTS
24. Transparency and beneficial ownership of legal persons LarLarLarLar Largely compliant
25. Transparency and beneficial ownership of legal arrangements LarLarLarLar Largely compliant
9. 9
Ratings – technical compliance
(4/5)
POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES
AND OTHER INSTITUTIONAL MEASURES
Regulation and Supervision
26. Regulation and supervision of financial institutions Pa Pa Pa Pa Partially compliant
27. Powers of supervisors CoCoCoCo Compliant
28. Regulation and supervision of DNFBPs Pa Pa Pa Pa Partially compliant
Operational and Law Enforcement
29. Financial intelligence units CoCoCoCo Compliant
30. Responsibilities of law enforcement and investigative
authorities CoCoCoCo Compliant
31. Powers of law enforcement and investigative authorities LarLarLarLar Largely compliant
32. Cash couriers Pa Pa Pa Pa Partially compliant
10. 10
Ratings – technical compliance
(5/5)
POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES
AND OTHER INSTITUTIONAL MEASURES (continued)
General Requirements
33. Statistics LarLarLarLar Largely compliant
34. Guidance and feedback CoCoCoCo Compliant
Sanctions
35. Sanctions CoCoCoCo Compliant
INTERNATIONAL COOPERATION
36. International instruments LarLarLarLar Largely compliant
37. Mutual legal assistance LarLarLarLar Largely compliant
38. Mutual legal assistance: freezing and confiscation LarLarLarLar Largely compliant
39. Extradition LarLarLarLar Largely compliant
40. Other forms of international cooperation LarLarLarLar Largely compliant
11. Anti-money laundering and counter-terrorist financing measures in Hungary – Mutual Evaluation Report – August 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL 11
Ratings – technical compliance
10
19
11
0
Compliant
Largely compliant
Partially compliant
Non compliant