The President of the Committee on Economy, Finance and Budget of the Parliament of Montenegro Vladimir Joković participated in the introductory part of the virtual conference on “Prevention of money laundering and terrorist financing through gambling in Montenegro, through adequate regulation and oversight “, organized by the Office of the Council of Europe.
The purpose of the conference was to present the recommendations for harmonization of the legal framework with the standards of the Financial Action Task Force (FATF) and the Committee of Experts for the Evaluation of Measures against Money Laundering and Terrorist Financing (MONEYVAL), as well as examples of best practices international good in this sector. The expected outcome is the strengthening of preventive mechanisms within the Draft Law on Games of Chance and Gaming.
“The Chairman of the Committee, thanking the partners from the European Union and the Department for Economic Crime and Cooperation of the Council of Europe for supporting Montenegro ‘s efforts to prevent corruption, stated in his opening speech that the new law on gambling He also said that the adoption of this law should ensure the increase of state revenues, as well as eliminate any activity that would lead to money laundering and terrorist financing. greater fiscal discipline, controlled development of the gambling industry and better revenue collection, he stressed that co-operation between state bodies needed to be improved, as only with the joint efforts of state bodies and all stakeholders, as well as their transparent and accountable work, cooperation between state bodies can be improved so that this important area within the general system is regulated, ”the Assembly announced.
Given the fact that in the coming period, the draft law will be sent to parliamentary procedure and will be reviewed by the Committee on Economy, Finance and Budget, the Chairman of the Committee called on all stakeholders to contribute in order to determine the most appropriate solution. the best possible.
The conference was attended by representatives of the Ministry of Finance, the Revenue Administration, the Directorate for Inspection Affairs, the Financial Intelligence Unit, the organizers of games of chance, the civil sector and the Secretariat of the Council of Europe.
The conference was organized in the context of the second phase of the Project for the Fight against Economic Crime in Montenegro (HFII AEC-MNE), funded by the European Union and the Council of Europe and implemented by the Economic Crime and Cooperation Department of the Council of Europe. The aim of the project is to support Montenegro’s efforts to prevent corruption, money laundering and terrorist financing in line with European standards.