Regulatory Alerts2026-01-01
Decision on Establishing Guidelines for Risk Analysis and Managing Money Laundering and Terrorist Financing Risks
The Council of the Central Bank of Montenegro issued this Decision to establish comprehensive guidelines for risk analysis and risk management systems for reporting entities under its supervision. The regulations mandate that credit institutions, payment institutions, and other financial entities implement a risk-based approach to assess and mitigate money laundering and terrorist financing risks through standardized customer due diligence and internal controls. These new guidelines supersede previous 2019 regulations and require entities to conduct business-wide and individual risk assessments within 60 days of establishment to classify customers and manage exposure effectively.
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