CROATIA RATED “PARTIALLY COMPLIANT” IN GLOBAL FINANCIAL CRIME RISK ASSESSMENT

A recent evaluation of Croatia’s efforts to combat financial crime has yielded mixed results, with the country being deemed “partially compliant” with international standards.

Background

The Financial Action Task Force (FATF), an intergovernmental organization that develops and promotes policies to protect the global financial system from money laundering, terrorist financing and other illicit activities, conducted a comprehensive evaluation of Croatia’s efforts. The report was prepared based on the 2012 FATF Recommendations and used the 2013 Methodology.

Key Findings

While Croatia has made progress in implementing measures to prevent financial crime, there are still areas where it falls short. The key findings of the report include:

• Progress in some areas: Croatia has shown success in implementing measures to prevent financial crime.
• Shortfalls in other areas: There are still areas where Croatia requires improvement.

Priority Actions

The FATF has identified priority actions for Croatia to address these issues, including:

• Implementing additional measures to strengthen its legal and regulatory framework
• Enhancing its ability to identify and investigate suspicious transactions
• Improving its coordination with other countries to combat financial crime

Next Steps

The full report is available online, with key findings and priority actions outlined in an executive summary. The FATF will continue to monitor Croatia’s progress in addressing these issues.

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