Experts Praise Slovenia’s Efforts to Combat Money Laundering and Terrorism Financing
Ljubljana, Slovenia - The Republic of Slovenia has received high praise from experts for its efforts to combat money laundering and terrorism financing.
Robust Anti-Money Laundering Measures
In a recent evaluation by MONEYVAL, the country was commended for its robust anti-money laundering measures and commitment to preventing the financing of terrorist activities. The evaluation assessed Slovenia’s compliance with international standards set by the Financial Action Task Force (FATF) and the Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism.
Implementation of Anti-Money Laundering Measures
Slovenia’s Office for Money Laundering Prevention plays a crucial role in implementing anti-money laundering measures, including:
- Conducting national risk assessments
- Exchanging data with other countries through international networks such as Egmont Group
The Office is also responsible for ensuring that obliged persons, including financial institutions and non-financial businesses, implement robust measures to detect and prevent money laundering and terrorist financing. These measures include:
- Customer due diligence
- Reporting suspicious transactions
- Appointing compliance officers
International Cooperation
In addition to its national efforts, Slovenia has also contributed to international cooperation on anti-money laundering and counter-terrorism financing through its membership in the Egmont Group and bilateral agreements with other countries.
Recognition by the European Commission
The European Commission has also recognized Slovenia’s efforts, drafting a supranational risk assessment report that highlights the country’s commitment to preventing money laundering and terrorist financing.
“Effective anti-money laundering measures are crucial for maintaining financial stability and combating organized crime,” said a spokesperson from MONEYVAL. “Slovenia’s efforts demonstrate its commitment to these goals and serve as an example for other countries to follow.”
Ongoing Efforts
The evaluation by MONEYVAL is just the latest recognition of Slovenia’s efforts to combat money laundering and terrorist financing. The country continues to work closely with international partners to ensure that its anti-money laundering measures are robust and effective in preventing these harmful activities.
Overall, Slovenia’s commitment to combating money laundering and terrorism financing has earned it widespread recognition and praise from experts in the field.