Slovenian Office Exchanges Data with Foreign Authorities to Combat Money Laundering and Terrorist Financing

Ljubljana, Slovenia - The Slovenian Office for Money Laundering Prevention is actively working with foreign authorities to prevent and combat money laundering and terrorist financing.

Strengthened Measures

As a member of the Council of Europe’s MONEYVAL committee, the office was evaluated by international experts in 2016. Since then, it has implemented recommendations to strengthen its measures against money laundering and terrorist financing.

International Cooperation

The Slovenian Office participates in the Egmont Group, an international network of financial intelligence units that share information and best practices to prevent money laundering and terrorist financing. It has also signed memoranda of understanding with over 50 foreign authorities, including those from the United States, European Union member states, and other countries around the world.

National Risk Assessments

The office is responsible for conducting national risk assessments to identify areas where money laundering and terrorist financing are most likely to occur. It takes steps to mitigate these risks by implementing measures to detect and prevent suspicious activities.

Measures Implemented by the Slovenian Government

The Slovenian government has implemented measures to require certain businesses, known as “obliged persons,” to implement anti-money laundering and counter-terrorism financing measures. These measures include:

• Customer due diligence
• Reporting of suspicious transactions
• Training of employees

Director’s Statement

“The Slovenian Office for Money Laundering Prevention is committed to working with international partners to combat money laundering and terrorist financing,” said [Name], Director of the office. “We believe that cooperation and information sharing are key to preventing these harmful activities and protecting our financial system.”

Recognition by International Organizations

The office’s efforts have been recognized by international organizations, including the Financial Action Task Force (FATF), which has praised Slovenia’s progress in combating money laundering and terrorist financing.

Key Takeaways:

• The Slovenian Office for Money Laundering Prevention is working with foreign authorities to prevent and combat money laundering and terrorist financing.
• The office has been evaluated by international experts and has implemented recommendations to strengthen its measures.
• The office participates in the Egmont Group, an international network of financial intelligence units that share information and best practices.
• The Slovenian government requires certain businesses, known as “obliged persons,” to implement anti-money laundering and counter-terrorism financing measures.
• The office conducts national risk assessments to identify areas where money laundering and terrorist financing are most likely to occur.