Montenegro AML/CFT Measures Strengthened
Summary
The FATF has published an evaluation of Montenegro's measures against money laundering and terrorist financing. The report indicates that Montenegro has strengthened its measures, but further improvements are needed in certain areas to fully align with international standards.
What changed
This FATF publication details the mutual evaluation of Montenegro's anti-money laundering (AML) and counter-terrorist financing (CFT) regime. The report assesses Montenegro's compliance with FATF Recommendations and the effectiveness of its measures. While acknowledging improvements, the evaluation highlights specific areas where Montenegro needs to enhance its framework to achieve full compliance with international standards.
Regulated entities in Montenegro, particularly financial institutions and designated non-financial businesses and professions (DNFBPs), should review the findings of this evaluation. They must ensure their internal AML/CFT policies, procedures, and controls are robust and aligned with the recommendations outlined in the report. While this is a FATF evaluation and not a direct regulatory mandate for private entities, non-compliance with FATF standards can lead to increased scrutiny, potential blacklisting, and reputational damage, impacting international business relationships and access to financial markets.
What to do next
- Review FATF's mutual evaluation report for Montenegro.
- Assess internal AML/CFT controls against FATF Recommendations.
- Implement necessary enhancements to comply with international standards.
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Montenegro's progress in strengthening measures to tackle money laundering and terrorist financing
Publication details
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In light of the progress made by Montenegro since its 2024 Mutual Evaluation was adopted, the country has been re-rated on 13 Recommendations as follows:
- Recommendation 6 is re-rated from Partially Compliant to Largely Compliant
- Recommendation 7 is re-rated from Partially Compliant to Largely Compliant
- Recommendation 8 is re-rated from Non Compliant to Partially Compliant
- Recommendation 10 is re-rated from Partially Compliant to Largely Compliant
- Recommendation 13 is re-rated from Partially Compliant to Largely Compliant
- Recommendation 15 is re-rated from Partially Compliant to Largely Compliant
- Recommendation 16 is re-rated from Partially Compliant to Largely Compliant
- Recommendation 17 is re-rated from Partially Compliant to Largely Compliant
- Recommendation 18 is re-rated from Partially Compliant to Largely Compliant
- Recommendation 22 is re-rated from Partially Compliant to Largely Compliant
- Recommendation 23 is re-rated from Partially Compliant to Largely Compliant
- Recommendation 26 is re-rated from Partially Compliant to Largely Compliant
- Recommendation 33 is re-rated from Partially Compliant to Largely Compliant Montenegro currently has 2 recommendations rated Compliant, 31 rated Largely Compliant and 7 rated Partially Compliant. The country will remain in enhanced follow-up and will continue to report back to MONEYVAL on progress to strengthen its implementation of AML/CFT measures. Montenegro is expected to report back within one year's time.
Montenegro Follow-Up Report - Moneyval 2025
Filename Croatia-FUR-MONEYVAL-October-2024.pdf Size 995 KB Format application/pdf Read the report
Earlier reports
- 5 Feb 2024
Montenegro's measures to combat money laundering and terrorist financing This report provides a summary of AML/CFT measures in place in Montenegro as at the date of the on-site visit (6 to 17 March 2023). It analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of Montenegro's AML/CFT system and provides recommendations on how the system could be strengthened.
Related materials
The FATF Recommendations
The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems. Read more
Mutual Evaluations
The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system Read more Consolidated assessment ratings
The 2022 and 2013 Methodologies for Assessing Technical Compliance with the FATF Recommendations and the Effectiveness of AML/CFT/CPF Systems
These documents are guides intended for use by assessors who are tasked with conducting a mutual evaluation. They provide a structured framework of analysis that ensures a level of consistency and high quality of the mutual evaluation reports produced. Latest update: December 2025 Read more
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