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The preventive and corrective role of the CBCG in the system for combating money laundering and terrorist financing is reflected in the implementation of measures aimed at establishing a clear and robust framework for applying adequate, effective, deterrent, and proportionate supervisory measures, in line with a risk-based approach to money laundering and terrorist financing and relevant international standards.

The identification of irregularities and weaknesses in the risk management systems of reporting entities supervised by the CBCG is carried out through a combination of off-site supervision and targeted on-site inspections, ensuring a comprehensive view of the level of compliance of reporting entities with regulatory requirements in the field of AML/CFT.

Findings from supervisory activities, where irregularities are identified, constitute the basis for the application of supervisory measures, with the aim of remedying identified deficiencies and strengthening the internal control systems of reporting entities.

If, in the course of supervision the CBCG identifies irregularities in the operations of a reporting entity, it is authorized to, in accordance with the Law on the Prevention of Money Laundering and Terrorist Financing (OGM 110/23, 65/24, 24/25):

• notify the reporting entity of the identified irregularities and set a deadline for their remediation;
• publicly disclose information on the identity of the reporting entity and the responsible person, as well as the nature of the identified irregularity;
• issue a misdemeanor order or initiate misdemeanor proceedings against the reporting entity, in accordance with the law governing misdemeanour procedures;
• suspend or withdraw the licence to operate, or take other measures to restrict or prohibit the activities of the reporting entity, in accordance with the law;
• temporarily prohibit a member of the management body from performing their function;
• in cases involving serious, systemic, or repeated irregularities, determine the amount of funds that the reporting entity is required to pay to the Central Bank, in accordance with Article 131a of the Law;
• impose other measures on the reporting entity in accordance with the law.

Administrative measures are accompanied by pecuniary sanctions with the aim of achieving a clear deterrent effect and strengthening the AML/CFT compliance framework. Through an effective and proportionate system of imposing supervisory measures for identified irregularities, the CBCG ensures consistent compliance with regulatory requirements. In this way, supervisory measures achieve not only a corrective, but also a strong preventive and dissuasive effect.

Where credit institutions fail to manage the risk of money laundering and terrorist financing, that is, where they act contrary to the regulations, the CBCG may also impose measures on the basis of other relevant laws within its competence.

Law on Credit Institutions (OGM 72/19, 8/21, 24/25, 14/26)

The CBCG may take one of the following measures against a credit institution:

• To issue a written warning; 
• Conclude a written agreement by which the credit institution will undertake to eliminate the identified irregularities within a specific period; 
• Render an administrative decision imposing one or more measures as prescribed in the Law;  
• Withdraw a licence.

Regarding other categories of reporting entities, measures are imposed in the manner prescribed by separate laws:

Law on Financial Leasing, Factoring, Purchase of Receivables, Micro-Lending and Credit-Guarantee Operations (OGM 73/17, 44/20)

Payment System Law (OGM 62/13, 111/22, 15/25, 140/25)

The CBCG monitors the deadlines related to the implementation of the ordered measures, and if ultimately, upon the deadline expiry, the CBCG assesses that it is necessary to carry out an on-site target examination in connection with the verification of the fulfilment of the supervisory measures, it carries out such examination, after which it adopts a conclusion on the removal of irregularities or imposes a stricter measure on the reporting entity.

Through continuous monitoring and intensive cooperation with the Financial Intelligence Unit, the CBCG timely identifies irregularities, takes appropriate measures, and ensures the exchange of information, thereby further strengthening the overall institutional response to risks.

The consistent application of supervisory measures is based on the preventive and corrective role of the CBCG, combined with the use of administrative, effective, and deterrent measures, as well as strong inter-institutional cooperation, and represents a key prerequisite for a stable, compliant, and resilient system for preventing money laundering and the financing of terrorism.