FinCrime Report country guide: Europe

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The latest Anti-Money Laundering and sanctions regulatory position for each country in Europe.

Last updated 16 November, 2020

Albania

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: Yes
US State Department Money Laundering Assessment: Of primary concern

In 2019, the Mutual Evaluation Report deemed Albania compliant for 5 and largely compliant for 28 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/a-c/albania/documents/fur1-albania-2019.html

Andorra

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

IN 2019, the Mutual Evaluation Report deemed Andorra compliant for 10 and largely compliant for 27 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/a-c/andorra/documents/fur-andorra-2019.html

Armenia

Member of MONEYVAL
Sanctions list: Yes
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2016, the Mutual Evaluation Report deemed Armenia compliant for 18 and largely compliant for 17 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/a-c/armenia/documents/mer-armenia-2015.html

Austria

Member of FATF
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2018, the Mutual Evaluation Report deemed Austria compliant for 18 and largely compliant for 18 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/a-c/austria/documents/fur-austria-2018.html

Azerbaijan

Member of MONEYVAL
Sanctions list: Yes
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2015, the Mutual Evaluation Report deemed Azerbaijan compliant for 4 and largely compliant for 25 of the FATF 40 + 9 Recommendations. It was partially compliant or non-compliant for 2 of the 6 Core Recommendations. https://rm.coe.int/4th-round-mutual-evaluation-of-azerbaijan-follow-up-report-submitted-b/1680934a1a

Belarus

Member of EAG
Sanctions list: Yes
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2019, the Mutual Evaluation Report deemed Belarus compliant for 25 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/a-c/belarus/documents/mer-belarus-2019.html

Belgium

Member of FATF
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2018, a follow-up to the Mutual Evaluation Report deemed Belgium compliant for 21 and largely compliant for 16 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/a-c/belgium/documents/fur-belgium-2018.html

Bosnia and Herzegovina

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2015, the Mutual Evaluation Report deemed Bosnia and Herzegovina compliant for 3 and largely compliant for 21 of the FATF 40 + 9 Recommendations. http://www.fatf-gafi.org/countries/a-c/bosniaandherzegovina/documents/moneyval-statement-bosnia-and-herzegovina-april-2015.html

Bulgaria

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2008, the Mutual Evaluation Report deemed Bulgaria compliant for 13 and largely compliant for 19 of the FATF 40 + 9 Recommendations. It was partially compliant or non-compliant for 3 of the 6 Core Recommendations. http://www.fatf-gafi.org/countries/a-c/bulgaria/documents/mutualevaluationofbulgaria.html

Croatia

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Monitored jurisdiction

In 2008, the Mutual Evaluation Report deemed Croatia compliant for 3 and largely compliant for 12 of the FATF 40 + 9 Recommendations. It was partially compliant or Non-Compliant for 5 of the 6 Core Recommendations. http://www.fatf-gafi.org/countries/a-c/croatia/documents/mutualevaluationofcroatia.html

Cyprus

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2019, the Mutual Evaluation Report deemed Cyrus compliant for 16 and largely compliant for 21 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/a-c/cyprus/documents/mer-cyprus-2019.html

Czech Republic

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2019, the Mutual Evaluation Report deemed the Czech Republic compliant for 4 and largely compliant for 23 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/a-c/czechrepublic/documents/mer-czech-republic-2018.html

Denmark

Member of FATF
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Monitored jurisdiction

In 2019, the Mutual Evaluation Report deemed Denmark compliant for 6 and largely compliant for 28 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/d-i/denmark/documents/fur-denmark-2019.html

Estonia

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Monitored jurisdiction

In 2014, the Mutual Evaluation Report deemed Estonia compliant for 8 and largely compliant for 28 of the FATF 40 + 9 Recommendations. It was partially compliant or non-compliant for 1 of the 6 Core Recommendations. https://www.coe.int/en/web/moneyval/jurisdictions/estonia

Finland

Member of FATF
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Monitored jurisdiction

In 2019, the Mutual Evaluation Report deemed Finland compliant for 8 and largely compliant for 23 of the FATF 40 Recommendations. It was deemed highly effective for 1 and substantially effective for 3 of the effectiveness & technical compliance ratings. http://www.fatf-gafi.org/countries/d-i/finland/documents/mer-finland-2019.html

France

Member of the FATF
Observer to the Asia Pacific Group (APG)
One of the Co-operating and Supporting Nations (COSUNs) to the Caribbean Financial Action Task Force (CFATF)
Observer to the Eurasian Group (EAG)
Observer to Financial Action Task Force of Latin America (GAFILAT)
Observer to Middle East and North Africa Financial Action Task Force (MENAFATF)
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

France has been removed from the regular follow-up process and agreed that it should now report on any further improvements to its Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) system on a biennial basis. http://www.fatf-gafi.org/countries/#France

Georgia

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2020, the Mutual Evaluation Report deemed Georgia compliant for 6 and largely compliant for 21 of the FATF 40 Recommendations. https://www.fatf-gafi.org/media/fatf/documents/reports/mer-fsrb/MONEYVAL-Mutual-Evaluation-Georgia-2020.pdf

Germany

Member of FATF
Observer to the Eurasian Group (EAG).
Observer to the Asia/Pacific Group on Money Laundering (APG).
Observer to the Financial Action Task Force of Latin America (GAFILAT)
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2010, the Mutual Evaluation Report deemed Germany partially compliant or non-compliant on 20 Recommendations. Four core Recommendations were rated PC and no core Recommendations were rated NC. Three key Recommendations were rated PC and no key Recommendations were rated NC.

In 2014, a follow-up report showed measures Germany had taken in respect of all the Recommendations rated partially compliant and non-compliant. https://www.fatf-gafi.org/media/fatf/documents/reports/mer/FUR-Germany-2014.pdf

Greece

Member of FATF
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2019, the Mutual Evaluation Report deemed Greece compliant for 15 and largely compliant for 22 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/d-i/greece/documents/mer-greece-2019.html

Hungary

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2019, a follow-up report to the Mutual Evaluation was published. That Evaluation deemed Hungary compliant for 6 and largely compliant for 28 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/d-i/hungary/documents/fur3-hungary-2019.html

Iceland

Member of FATF
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Monitored jurisdiction

In 2020, the Mutual Evaluation Report deemed Iceland compliant for 21 and largely compliant for 16 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/d-i/iceland/documents/fur-iceland-2020.html

Ireland

Member of FATF
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2019, the Mutual Evaluation Report deemed Ireland compliant for 17 and largely compliant for 16 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/d-i/ireland/documents/fur-ireland-2019.html

Italy

Member of FATF
Observer to the Eurasian Group (EAG)
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2019, a follow-up report was published following Italy’s Mutual Evaluation Report. Italy was deemed partially compliant on 2 of the 40 Recommendations. http://www.fatf-gafi.org/countries/d-i/italy/documents/fur-italy-2019.html

Kazakhstan

Member of EAG
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2011, the Mutual Evaluation Report deemed Kazakhstan fully compliant for 1 and largely compliant for 12 of the FATF 40 + 9 Recommendations. It was partially compliant or non-compliant for 5 of the 6 Core Recommendations. http://www.fatf-gafi.org/publications/mutualevaluations/documents/mutualevaluationofkazakhstan.html

Kosovo

Kosovo is not a member of a FATF-style regional body
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

Kosovo has not yet had a Mutual Evaluation Report.

Latvia

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2019, a follow-up report to the Mutual Evaluation Report shows Latvia has made a progress in addressing the TC deficiencies identified in its 5th Round MER and has been re-rated on 11 Recommendations. http://www.fatf-gafi.org/countries/j-m/latvia/documents/fur1-latvia-2019.html

Liechtenstein

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2007, the Mutual Evaluation Report deemed Liechtenstein compliant for 7 and largely compliant for 14 of the FATF 40 + 9 Recommendations. It was partially compliant or non-compliant for 5 of the 6 Core Recommendations. http://www.fatf-gafi.org/countries/j-m/liechtenstein/documents/mutualevaluationofliechtenstein.html

Lithuania

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Monitored jurisdiction

In 2019, the Mutual Evaluation Report deemed Lithuania compliant for 9 and largely compliant for 23 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/j-m/lithuania/documents/mer-lithuania-2018.html

Luxembourg

Member of FATF
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2010, the Mutual Evaluation Report deemed Luxembourg compatible for 1 and largely compliant for 9 of the FATF 40 + 9 Recommendations. It was partially compliant or non-compliant for 5 of the 6 Core Recommendations. http://www.fatf-gafi.org/countries/j-m/luxembourg/documents/mutualevaluationofluxembourg.html

Malta

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Monitored jurisdiction

In 2019, the Mutual Evaluation Report deemed Malta compliant for 10 and largely compliant for 21 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/j-m/malta/documents/mer-malta-2019.html

Moldova

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2019, the Mutual Evaluation Report deemed Moldova compliant for 9 and largely compliant for 20 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/j-m/moldova/documents/mer-moldova-2019.html

Monaco

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2013, the Mutual Evaluation Report deemed Monaco compliant for 3 and largely compliant for 20 of the FATF 40 + 9 Recommendations. https://rm.coe.int/fourth-round-mutual-evaluation-report-executive-summary-anti-money-lau/1680716821

Montenegro

Member of MONEYVAL
Sanctions list: Yes
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2015, the Mutual Evaluation Report deemed Montenegro compliant for 7 and largely compliant for 12 of the FATF 40 + 9 Recommendations. It was partially compliant or non-compliant for 5 of the 6 Core Recommendations. https://rm.coe.int/moneyval-2019-31rev-mgr-4thfollowuprep/16809e6485

The Netherlands

Member of FATF
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2011, the Mutual Evaluation Report deemed The Netherlands compliant for 6 and largely compliant for 22 of the FATF 40 + 9 Recommendations. It was partially compliant or non-compliant for 2 of the 6 Core Recommendations. http://www.fatf-gafi.org/countries/n-r/netherlandskingdomof/documents/fur-netherlands-2014.html

North Macedonia

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Monitored jurisdiction

In 2014, the Mutual Evaluation Report deemed North Macedonia compliant for 3 and largely compliant for 22 of the FATF 40 + 9 Recommendations. https://rm.coe.int/report-on-fourth-assessment-visit-executive-summary-anti-money-launder/1680715ada

Norway

Member of FATF
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Monitored jurisdiction

In 2019, the Mutual Evaluation Report deemed Norway compliant for 9 and largely compliant for 16 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/n-r/norway/documents/fuar-norway-2019.html

Poland

Member of MONEYVAL
Observer of EAG
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2013, the Mutual Evaluation Report deemed Poland compliant for 6 and largely compliant for 24 of the FATF 40 + 9 Recommendations. It was partially Compliant or non-compliant for 5 of the 6 Core Recommendations. https://rm.coe.int/report-on-fourth-assessment-visit-anti-money-laundering-and-combating-/1680716516

Portugal

Member of FATF
Observer of ESAAMLG, GAFILAT, GIABA
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2017, the Mutual Evaluation Report deemed Portugal compliant for 12 and largely compliant for 22 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/n-r/portugal/documents/mer-portugal-2017.html

Romania

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

Romania’s 4th round MER was adopted in April 2014. According to that evaluation, Romania was deemed compliant for 7 and largely compliant for 18 of the FATF 40 + 9 Recommendations. https://rm.coe.int/report-on-fourth-assessment-visit-executive-summary-anti-money-launder/1680716482

Russian Federation

Member of the FATF
Member of the Eurasian Group (EAG)
Member of MONEYVAL.
Observer of the Asia/Pacific group on Money Laundering (APG)
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2019, the Mutual Evaluation Report deemed the Russian Federation compliant for 7 and largely compliant for 28 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/n-r/russianfederation/documents/mer-russian-federation-2019.html

San Marino

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2011, the Mutual Evaluation Report deemed San Marino compliant for 4 and largely compliant for 30 of the FATF 40 + 9 Recommendations. It was partially compliant or non-compliant for 2 of the 6 Core Recommendations. http://www.fatf-gafi.org/countries/s-t/sanmarino/documents/mutualevaluationofsanmarino.html

Serbia

Member of MONEYVAL.
Observer of EAG
Sanctions list: Yes
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

The latest follow up to the Mutual Evaluation Report was published in 2019. Serbia was deemed compliant for 5 and largely compliant for 31 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/s-t/serbia/documents/fur3-serbia-2019.html

Slovak Republic

Member of MONEYVAL.
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2020, the Mutual Evaluation Report Slovakia was deemed compliant for 2 and largely compliant for 22 of the FATF 40 Recommendations. https://www.fatf-gafi.org/media/fatf/documents/reports/mer-fsrb/MONEYVAL-Mutual-Evaluation-Slovak-Republic-2020.pdf

Slovenia

Member of MONEYVAL.
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Monitored jurisdiction

The last follow up to the Mutual Evaluation Report was published in 2019. Slovenia was deemed compliant for 11 and largely compliant for 19 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/s-t/slovenia/documents/fur2-slovenia-2019.html

Spain

Member of FATF
One of the Co-operating and Supporting Nations (COSUNs) of CFATF
Observer of GAFILAT
Observer of MENAFATF
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

The latest follow-up Mutual Evaluation Report was published in 2019. Spain was deemed compliant for 28 and Largely Compliant for 10 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/s-t/spain/documents/fuar-spain-2019.html

Sweden

Member of FATF
Sanctions list: No
FATF AML deficient list: No

In 2020, the follow-up Mutual Evaluation Report deemed Sweden compliant for 14 and Largely Compliant for 23 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/s-t/sweden/documents/fur-sweden-2020.html

Switzerland

Member of FATF
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

The last Follow-up Mutual Evaluation Report was published in 2020. Switzerland was deemed compliant for 8 and largely compliant for 27 of the FATF 40 Recommendations. It is remains partially compliant on 5 Recommendations. http://www.fatf-gafi.org/countries/s-t/switzerland/documents/fur3-switzerland-2020.html

Turkey

Member of the FATF
Observer of EAG
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2019, the Mutual Evaluation report deemed Turkey compliant for 1 and largely compliant for 17 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/s-t/turkey/documents/mer-turkey-2019.html

Ukraine

Member of the MONEYVAL
Observer of EAG
Sanctions list: Yes
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

The last follow-up Mutual Evaluation Report was published in 2017. Ukraine was deemed compliant for 11 and largely compliant for 21 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/u-z/ukraine/documents/fur-ukraine-2019.html

United Kingdom

Member of the FATF
Observer of APG
Observer of ESAAMLG
Observer of MENAFATF
One of the Co-operating and Supporting Nations (COSUNs) of CFATF
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

In 2018, the Mutual Evaluation Report deemed The UK compliant for 23 and largely compliant for 15 of the FATF 40 Recommendations. http://www.fatf-gafi.org/countries/u-z/unitedkingdom/documents/mer-united-kingdom-2018.html

Vatican City (Holy See)

Member of MONEYVAL
Sanctions list: No
FATF AML deficient list: No
US State Department Money Laundering Assessment: Of primary concern

The last Mutual Evaluation Report was published in 20xx. Vatican City was deemed compliant for x and largely compliant for x of the FATF 40 + 9 Recommendations. It was partially compliant or non-compliant for all 6 of the Core Recommendations. https://rm.coe.int/mutual-evaluation-report-executive-summary-anti-money-laundering-and-c/16807160f8

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