One of the most important mechanisms that ensure the effective functioning of the international system for combating money laundering and terrorist financing is the work of the FATF and MONEYVAL to identify states and jurisdictions whose national anti-money laundering systems largely do not comply with international standards in this area, or which do not seek to cooperate in this area at the international level.
In 2008-2009, this mechanism was implemented through the issuance of FATF and MONEYVAL statements, in which the relevant states and jurisdictions were given recommendations on the need to bring national anti-money laundering legislation in line with international standards.
