The Central Bank of Montenegro (CBCG) published an update on a working visit to Frankfurt in which Governor Irena Radovic led bilateral meetings with senior representatives of the Anti-Money Laundering Authority (AMLA), the European Systemic Risk Board (ESRB) Secretariat and the European Central Bank (ECB) to support regulatory, institutional and operational integration into the European financial framework. The engagements focused on aligning Montenegro’s anti-money laundering and counter-terrorist financing (AML/CFT) framework, strengthening macroprudential policy capacity, and advancing payment-system integration through Single Euro Payments Area (SEPA) participation and the TIPS Clone instant payments project. In discussions with AMLA Chair Bruna Szego, CBCG reaffirmed its commitment to align with AMLA and European Union standards ahead of Montenegro’s full EU membership, and outlined progress over the past two years including a more risk-based supervisory approach and a system for applying effective, deterrent and proportionate measures. Talks with ESRB Secretariat Head Francesco Mazzaferro covered cooperation on developing the macroprudential framework, improving analytical capacity, and aligning with European recommendations for identifying and monitoring systemic risks, with the ESRB Secretariat indicating willingness to support CBCG and explore regular information exchange. At the ECB, the delegation presented progress on regulatory and infrastructural alignment with EU and European System of Central Banks standards, shared operational experience from SEPA, and discussed the ECB’s strategic support for the TIPS Clone project and its implementation status, with CBCG noting the reforms’ financial burden on the institution. AMLA and CBCG signalled readiness to establish structured early cooperation, including intensified communication and consideration of institutional collaboration modalities in the period ahead, while regular information exchange with the ESRB was highlighted as a mechanism to support alignment and preparedness for EU-related obligations.
Central Bank of Montenegro 2026-02-27
Central Bank of Montenegro advances cooperation with EU AML Authority, ESRB and European Central Bank on AML supervision, macroprudential alignment and instant payments
The Central Bank of Montenegro (CBCG) met in Frankfurt with the Anti-Money Laundering Authority, European Systemic Risk Board, and European Central Bank to enhance integration into the European financial framework. Discussions focused on aligning Montenegro’s anti-money laundering framework, strengthening macroprudential policy, and advancing payment-system integration through SEPA and the TIPS Clone project. CBCG and AMLA signaled readiness for cooperation, while regular information exchange with the ESRB was emphasized for EU alignment.