The subject report by Mr. Martin Kreutner (“the author”), Dean Emeritus of the International Anti- Corruption Academy (IACA) undertakes to draft and present a brief review on the (overall) anti-corruption (AC) and anti-money-laundering (AML) situation in the Principality of Andorra.

That report shall contain a concise review of the current state of play in the country, set that in context to international standards and developments, and encompass the findings in a comprehensive yet concise manner. Given the required brevity of the subject review, it is fully acknowledged that the paper - nolens volens – mainly is of a descriptive, eclectic, and (partly) evocative nature; further, it cannot and shall not give exhaustive analyses of all potential areas of thematic relevance and concern but shall rather present a well balanced and solidly referenced outline of the overall state of play and the situation in the country. Finally, it is understood that the author presents this report exclusively in his personal capacity, only.