Moneyval’s Fifth Round Mutual Evaluation of Montenegro urges heightened efforts to combat ML through improved investigation, prosecution, and supervision of high-risk non-financial entities

MONEYVAL has found that in relation to the 11 areas under assessment (i.e. Immediate Outcomes), Montenegro obtained a substantial level of effectiveness in two areas, i.e. in understanding money laundering (ML) and terrorist financing (TF) risks, as well as in international co-operation where the authorities are commended for their efficient and effective cooperation with respect to both evidence and intelligence exchanges…