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09/12/2013

The Governor Milojica Dakić chaired the fifty-first meeting of the Council of the Central Bank of Montenegro held on 9 December 2013.

The Council adopted the Governor’s Report on Business Operations and Implementation of the Central Bank of Montenegro Policy in October 2013 indicating that activities of the Central Bank were carried out in accordance with the planned obligations, set out in the Work Plan and the Central Bank Policy for 2013. It was estimated that the financial system was stable and that there was a moderate level of systemic risk.

The Council passed a Decision amending the decision on determining tariff for calculating fees charged for the Central Bank of Montenegro services, which introduces a change in the calculation of supervision fees charged to banks, micro-credit financial institutions and other financial institutions.

The Council communicated their opinion on the Draft Law on Prevention of Money Laundering and Terrorist Financing to support the adoption of  the proposed wording of this law that is harmonised with recommendations of the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL), new Recommendations of the Financial Action Task Force (FATF) of February 2012, Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, and Directive 2006/70/EC.