CBCG Seminar “Role of the Banking Sector in the System of Anti-Money Laundering and Combating the Financing of Terrorism”

23/09/2024

The Central Bank of Montenegro organized the seminar "Role of the Banking Sector in the System of Anti-Money Laundering and Combating the Financing of Terrorism" for persons in charge of AML/CFT in commercial banks in Montenegro.

The Directorate for Supervision AML/CFT Compliance in the CBCG delivered the seminar where they presented an overview of the current situation in this area, the biggest challenges and risks, novelties in legislation, including amendments to the Law on the Prevention of Money Laundering and Terrorist Financing. The results of the MONEYVAL evaluation that assessed the role and contribution of the CBCG to the overall system of anti-money laundering and combating the financing of terrorism as very significant and positive were also presented. The key recommendations for the financial sector were also communicated, as well as the areas where higher risks of money laundering and terrorist financing have been identified.

In order to improve transparency in supervision procedures, the general plan of activities of the Central Bank of Montenegro for 2024/2025 was also presented.

The seminar is part of the regular annual training that the CBCG organizes for persons in charge of AMPL/CFT in commercial banks and other financial institutions supervised by the CBCG.