Investor Presentaiton

Andbank Investor 2020 ANDBANK Private Bankers Moneyval - another positive report, January 2020 As a result of Andorra's progress in strengthening its framework to tackle money laundering and terrorist financing since its mutual evaluation in September 2017, MONEYVAL has re-rated some country Recommendations. Andorra has been in an enhanced follow-up process, following the adoption of its mutual evaluation report, which assessed the effectiveness of Andorra's anti- money laundering and counter-terrorist financing (AML/CFT) measures and their compliance with the Recommendations by the Financial Action Task Force (FATF). In line with MONEYVAL's rules of procedure, the country has reported back to MONEYVAL on the progress it has made to strengthen its AML/CFT framework. MONEYVAL Andorra is now "compliant" on ten of the 40 FATF Recommendations and "largely compliant" on twenty-seven of them. It remains "partially compliant" on three of the 40 FATF Recommendations. MONEYVAL decided that Andorra will remain in the enhanced follow-up process and will continue to report back to MONEYVAL on further progress to strengthen its implementation of AML/CFT measures. 10

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