CBK develops cooperation with central banks of the EU Member States in the field of money laundering prevention

As part of the current Programme for Strengthening the Central Bank Capacities in the Western Balkans with a View to the Integration to the European System of Central Banks, activities focused on supervisory examinations in the field of combating money laundering in the banking sector commenced in the Central Bank of the Republic of Kosovo.

This component of the Programme will be implemented by the end of next year and will include the describing of the current status, the issuing of recommendations for convergence with EU supervisory practices, and the laying out of the way on how to implement the relevant recommendations.

The Central Bank of the Republic of Kosovo expects that, through the activities constituting this component of the Programme, significant contribution will be made to the development of its function of money laundering prevention by adopting and aligning with standards and practices of the central banks of the EU Member States.  

Like other components of the current Programme, this component is administered and coordinated by the Deutsche Bundesbank, while for its implementation as a specific bilateral measure, amongst central banks of the EU Member States, the National Bank of Bulgaria has been engaged.

The Programme for Strengthening the Central Bank Capacities in the Western Balkans with a View to the Integration to the European System of Central Banks was launched on 26 March 2019. 

It is funded by the EU and includes the European Central Bank, 20 central banks of the EU Member States, as well as 8 central banks and financial authorities from the Western Balkans region.