Montenegro regulates AML/CTF through its Financial Intelligence Unit and the Law on the Prevention of Money Laundering and Terrorist Financing. See the obligations and how MemberCheck supports them.
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Montenegro splits AML/CTF supervision across sector authorities under the Law on the Prevention of Money Laundering and Terrorist Financing. The Central Bank of Montenegro supervises banks, payment and electronic money institutions, leasing and factoring companies and virtual asset service providers; the Capital Market Authority supervises investment firms and fund managers; the Insurance Supervision Agency covers insurers; and the Ministry of the Interior covers accountants, real estate agents and other designated non-financial businesses. The financial intelligence unit is separate again, the Department for Financial Intelligence Affairs within the Police Directorate. As a MONEYVAL member, the country builds its regime to align with the FATF international standards.
Obliged entities must run customer due diligence on customers and beneficial owners, keep records, monitor transactions, and report suspicious activity to the Financial Intelligence Unit. Supervisors expect a documented compliance framework, a named responsible officer, and continual staff training.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
AML/CTF supervision is split by sector. The Central Bank of Montenegro covers banks, payment and electronic money institutions, leasing and factoring companies and virtual asset service providers; the Capital Market Authority covers investment firms and fund managers; the Insurance Supervision Agency covers insurers; and the Ministry of the Interior covers accountants, real estate agents and other designated non-financial businesses.
The Department for Financial Intelligence Affairs within the Police Directorate is Montenegro's financial intelligence unit, receiving and analysing suspicious transaction reports from obliged entities. It has been a police-type FIU since 2019, when the former Administration for the Prevention of Money Laundering and Terrorist Financing was transformed.
Montenegro's principal AML statute. It sets customer due diligence, record-keeping, and reporting duties for obliged entities across the financial and designated non-financial sectors.
Montenegro is assessed by MONEYVAL, the Council of Europe body that evaluates compliance with international AML/CTF standards and issues mutual evaluation reports.
Montenegro's regime is built to align with the FATF 40 Recommendations, which shape expectations for financial institutions and designated businesses.
Supervision is split by sector. The Central Bank of Montenegro supervises banks, payment and electronic money institutions and virtual asset service providers, the Capital Market Authority supervises investment firms and fund managers, the Insurance Supervision Agency covers insurers, and the Ministry of the Interior covers accountants, real estate agents and other designated non-financial businesses. The financial intelligence unit is a separate body, the Department for Financial Intelligence Affairs within the Police Directorate, which receives and analyses suspicious transaction reports.
The Law on the Prevention of Money Laundering and Terrorist Financing is Montenegro's principal statute, setting customer due diligence, record-keeping, and reporting obligations.
Montenegro is assessed by MONEYVAL, the Council of Europe regional body, and aligns its AML/CTF regime with the FATF 40 Recommendations.
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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