Andorra has achieved full compliance with nine of the forty recommendations of the Financial Action Task Force (FATF), constituting the international AML/CFT standard (Fight against money laundering and the financing of terrorism).

According to a MONEYVAL follow-up report published on Tuesday, Andorra is demonstrating progress in its level of compliance with FATF standards, in particular those relating to the non-profit organization sector. The follow-up report examines Andorra's risk assessment of the non-profit sector, as well as its supervision and regulation, and examines a series of legislative, regulatory and institutional measures implemented by Andorra in these areas. Andorra's rating for the implementation of this revised recommendation has been downgraded from “compliant” to “partially compliant”. As a result, Andorra has achieved full compliance with nine of the forty FATF recommendations constituting the international AML/CFT (Fight against money laundering and terrorist financing) standard.