Croatia Faces Terrorist Financing Risks, Warns International Watchdog

The Financial Action Task Force (FATF) has recently evaluated the measures taken by Croatia against money laundering and terrorist financing, highlighting significant risks in the country.

Assessment Based on FATF Recommendations

The assessment was conducted based on the 2012 FATF Recommendations and the 2013 Methodology. The evaluation team gathered information from various sources, including an on-site visit to Croatia. While details of the findings are still sketchy, it is clear that the assessment has been reviewed and endorsed by the FATF.

Key Findings and Priority Actions

• A breakdown of the key findings and priority actions recommended by the FATF can be found in the executive summary of the report.
• It appears that Croatia still needs to address some issues to effectively combat terrorist financing and money laundering.

Conclusion

The recent evaluation by the FATF has highlighted significant risks in Croatia regarding terrorist financing. The country still has work to do to ensure effective measures against money laundering and terrorist financing. We recommend consulting the executive summary of the report for a full breakdown of the key findings and priority actions recommended by the FATF.