Central Bank of Montenegro Policy in the Area of Supervision of the Prevention of Money Laundering and Terrorist Financing


The Central Bank of Montenegro policy in this area reflects a clear commitment to continuous enhancement of the system for the prevention of money laundering and terrorist financing. Through the development and improvement of the risk-based approach to supervision, and the assessment of risk management by the reporting entities subject to supervision, the Central Bank strives to achieve the highest standards. The CBCG is focused on continuous supervision of reporting entities, system monitoring and consistent application of the National Risk Assessment of Money Laundering and Terrorist Financing, as the most important strategic document in this area. In addition, the CBCG carries out the education of reporting entities and supervises the implementation of obligations under the Law on the Prevention of Money Laundering and Terrorist Financing, with a special commitment to cooperation with national and international institutions, and improvement of the framework and implementation of international standards.