The Council of Europe’s anti-money laundering body MONEYVAL, has adopted Montenegro’s second revised follow-up report and removed the country from MONEYVAL’s fourth round regular follow-up process.
The report makes a comprehensive assessment of Montenegro’s compliance with the international anti-money laundering and countering the financing of terrorism standards as contained in the Financial Action Task Force (FATF) Forty Recommendations (R.) 2003 (updated as of October 2004) and the FATF Nine Special Recommendations (SR.) on Terrorist Financing 2001 (updated as of February 2008).
MONEYVAL acknowledged Monteneg...