Home Core functions Supervision of Compliance and Protection of Rights Supervision in the Area of Prevention of Money Laundering and Terrorist Financing CBCG’s Regulatory Role

CBCG’s Regulatory Role

The Central Bank of Montenegro’s regulatory function involves drafting and participating in the drafting of relevant laws and enabling regulations, which aim, inter alia, to reduce the risk of money laundering and terrorist financing through the institutions under the Central Bank’s supervision.


In addition, this CBCG’s function is reflected in the following:


  • Giving recommendations for improving the system for the prevention of money laundering and terrorist financing at the national level;
  • Cooperation with the Police Administration - Department for Financial Intelligence Affairs (Financial Intelligence Unit) and other institutions in Montenegro involved in countering money laundering and terrorist financing;
  • Cooperation with international institutions in the aim of prevention of money laundering and terrorist financing, and active participation in the work of international bodies and organisations involved in the prevention of money laundering and terrorist financing, and primarily in the work of the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism – MONEYVAL. MONEYVAL is a supervisory body of the Council of Europe, responsible for assessing compliance with international standards in the area of the prevention of money laundering and terrorist financing;
  • Active participation in the drafting of the National Risk Assessment, as the most strategically important act in the system for the prevention of money laundering and terrorist financing;
  • Maintaining regular contacts with reporting entities obliged to implement the Law that are under its supervision;
  • Organisation of trainings for the Central Bank of Montenegro employees in the area of the prevention of money laundering and terrorist financing.