Macedonia Receives €1.5 Million from EU to Combat Money Laundering
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The European Union has allocated a significant amount of funding to help the former Yugoslav Republic of Macedonia strengthen its system for preventing money laundering.
Funding and Project Details
The EU has allocated €1.5 million to support a twinning project between the Directorate for Money Laundering Prevention (DMLP) and the Spanish Institute for Fiscal Studies. This two-year project aims to further develop DMLP’s capacity to exercise its functions in line with the Law on Money Laundering Prevention.
National Level Support
The project will focus on strengthening coordination between:
- The DMLP
- Reporting institutions
- Law enforcement agencies
- Criminal justice authorities
- Regulatory bodies
at the national level. This will ensure effective cooperation and information sharing among these entities to combat money laundering.
International Cooperation
At the international level, the project aims to establish links with Financial Intelligence Units in other countries to:
- Improve information exchange
- Enhance global efforts to combat money laundering
Previous EU Funding
The Directorate for Money Laundering Prevention has already benefited from two previous EU-funded projects completed in 2006. These projects delivered:
- Technical assistance in the preparation of the National Strategy on Combat against Money Laundering and Financing Terrorism
- A state-of-the-art information system to prevent money laundering and stem the flow of terrorist financing
Total EU Funding
To date, the European Union has provided some €13.55 million through the European Agency for Reconstruction to implement twinning initiatives in Macedonia.
Contact Information
For more information, please contact:
Gonca Stojanovska Information Officer at the European Agency for Reconstruction Operational Centre Skopje Tel: 389 2 3286 779 Fax: 389 2 3124 760 Email: gonca.stojanovska@ear.eu.int