Daniel Thelesklaf remains president of MONEYVAL

07 December 2017 | updated 07 December 2017

Vaduz – The head of Liechtenstein’s Financial Intelligence Unit, Daniel Thelesklaf, has been re-elected president of MONEYVAL. In the position, he will continue to fight money laundering in Europe.

Daniel Thelesklaf has been named president of MONEYVAL for another two-year term. MONEYVAL is the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism.

MONEYVAL currently has 220 members and is responsible for assessing 34 states’ compliance with international standards – so-called FATF recommendations.

“I am delighted with this result. It is recognition of the progress Liechtenstein has made in this field over the past years – and an expression of the credibility of its willingness to do whatever it takes to fight money laundering and the financing of terrorism effectively,” commented Thelesklaf in a government statement.

He added that he would act to ensure MONEYVAL could further strengthen its standing in the global network.

A country examination of Liechtenstein is scheduled to start in 2018 and end in 2020. It will analyse whether measures are being implemented effectively in a risk-based manner.

According to the government statement, it will be important to understand which risks the financial centre faces. Liechtenstein wants to thoroughly prepare itself.