OSCE-supported workshop on Montenegrin National Risk Assessment development completed today

The OSCE Mission to Montenegro and the Montenegrin Administration for Preventing Money Laundering and the Financing of Terrorism (FIU) organized a workshop in Budva on 9 and 10 October 2014 to finalize the first phase of the National Risk Assessment (NRA) development.

Radomir Todorovic, FIU Deputy Director and NRA Co-ordinator, commended the work done so far  and praised the development of an Action Plan for reducing money-laundering risks.

Milunka Milanovic, Head of Serbia’s branch of the FIU, shared practical experience on strategy development in Serbia. Milanovic said that the discussions will not only assist the Montenegrin institutions by learning lessons from Serbia’s experience but will also offer some fresh ideas for the upcoming NRA update process in Serbia.

Representatives of the State Prosecutor's Office, Central Bank, Tax Administration and Police attended the workshop. The NRA strategy development is required under Financial Action Task Force (FATF) recommendations on tackling money laundering and the financing of terrorism. The Montenegrin branch of the FIU is leading the process with the support of international partners: the OSCE and the World Bank.