Podgorica, (MINA-BUSINESS) – According to Governor of the Central Bank (CBCG) Irena Radovic, Montenegro is paving the way for full participation in European initiatives by raising standards in the field of prevention of money laundering and terrorism financing, while ensuring safer and cheaper transitions for citizens.

“Preventing money laundering and terrorism financing is not only a regulatory requirement but also the foundation for strengthening the financial markets’ integrity and a key precondition for full European integration,” Radovic said, opening the regional conference titled AML/TF and fraud prevention in instant payments

She argued that raising standards in this field facilitates full participation in European initiatives such as SEPA and TIPS.

“This ensures faster, safer, and significantly cheaper transactions for citizens and businesses, while increasing efficiency and strengthening the confidence of citizens, investors, and international partners,” Radovic said.

She said that combating money laundering and terrorist financing is one of the key pillars for preserving the financial system’s integrity and a fundamental precondition for the European perspective and deeper integration of Western Balkan economies.

She highlighted the CBCG’s achievements over the past two years, including improving the regulatory framework, strengthening supervision and institutional capacities, and introducing risk-based measures in close cooperation with Eurosystem central banks.

The conference, hosted by the CBCG, gathered together senior representatives of central banks, supervisory and regulatory bodies from Albania, Bosnia and Herzegovina, Kosovo, North Macedonia, and Serbia, and international experts in supervision and payment systems.