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ANTIMONEYLAUNDERINGANDTERRORISTFINANCING

8July2015

I.
II.
III.
IV.
V.
VI.
VII.

Aboutmoneylaundering
Aboutterroristfinancing
Preventionofmoneylaunderingandterroristfinancing
LegislativeframeworkforthepreventionofmoneylaunderingandterroristfinancingintheRepublicofCroatia
TheroleoftheCNBinthepreventionofmoneylaunderingandterroristfinancingintheRepublicofCroatia
AboutthePMLTFCommittee
Internationalinstitutionsandgroupsengagedinthecombatofmoneylaunderingandterroristfinancingandtheirdocuments

IABOUTMONEYLAUNDERING
Thetermmoneylaunderingimpliesarangeofactivitiesinbanking,monetaryorothereconomicoperationswhose
purposeistoconcealtheactualsourceofmoney,orassetsorrightsacquiredbymeansofmoneyobtainedinan
unlawfulmanner.Animportantcharacteristicofmoneylaunderingisthatitisalwaysprecededbysomeunlawful
activity.Ingeneral,thetermmoneylaunderingimplieseveryactivityaimedatconcealingunlawfullyobtainedincomein
suchawayastopresentsuchincomeaslawfulproceeds.
TheCouncilofEuropefirstusedthistermin1980initsRecommendationNo.R(80)10onMeasuresAgainstthe
TransferandtheSafekeepingofFundsofCriminalOriginandintheUSAthetermwasfirstofficiallyusedina1982court
rulingagainstColombiancocainemafia.
Thefirstpieceoflegislationonmoneylaundering(TheMoneyLaunderingControlAct)wasenactedin1986intheUS
FederalStateofWashington.Thisactenvisagedseveresanctionsagainstpersonswhofailedtoreportdulymonetary
transactionsinexcessofUSD10,000orwhofailedtomeettheobligationtokeepreceiptsonbusinesstransactions
involvingamountsinexcessofUSD3,000

IIABOUTTERRORISTFINANCING
Thetermterrorism,initsbroadestsense,impliesanyuseofviolenceforthepurposeofachievingpoliticalgoals.The
riskofterroristfinancingliesinthedangerthatthefinancialsystemwillbeusedforterroristfinancing,i.e.thatsome
legalrelationship,transactionorproductwillbeuseddirectlyorindirectlyforterroristfinancing.
Unlikemoneylaunderingwhichisalwaysprecededbyanunlawfulactivity,terrorismmaybefinancedfromtheproceeds
oflegalactivities(humanitarianorganisations,variousassociations,donations).Thismakesdetectionofterrorist
financingverydifficult,evenmoresoifwebearinmindthefactthattransactionamountsinvolvedinterroristfinancing
oftentendtobesmallerthantheamountsthatunderlawhavetobereportedtotheantimoneylaunderingoffice.As
themeasurestakentopreventmoneylaunderingarenotsufficientinthefightagainstterroristfinancing,theyhavetobe
supplementedbyspecialmeasuresprescribedbycompetentinternationalbodies.
Belowlistedarelinkstopersonsandentitiesassociatedwithterrorismwhoareundersometypeofsanction:
UNconsolidatedlist
ConsolidatedListofPersons,GroupsandEntitiesSubjecttoEUfinancialsanctions
OFACSpeciallyDesignatedNationalsList

IIIPREVENTIONOFMONEYLAUNDERINGANDTERRORISTFINANCING
TheresponsibilityforthepreventionofmoneylaunderingandterroristfinancingintheRepublicofCroatiadoesnotlie
withoneinstitutionbutwithasystemwhichprovidesalegaldefinitionoftherolesoftheparticipants,theirinteraction
andcooperationandwhichconsistsof:
1. preventionbodiesobligatedpersons(banks,housingsavingsbanks,exchangeoffices,insuranceundertakings,
brokers,lawyers,publicnotaries,taxadvisors,etc.)andtheOfficeforMoneyLaunderingPreventionasthe
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centralanalyticsservice
2. supervisorybodiestheFinancialInspectorate,theTaxAdministration,theCNB,theCroatianFinancialServices
SupervisoryAgency
3. criminalprosecutionauthoritiesthepolice,thestateattorney'sofficeandthejudiciary.

IVLEGISLATIVEFRAMEWORKFORTHEPREVENTIONOFMONEYLAUNDERINGANDTERRORIST
FINANCINGINTHEREPUBLICOFCROATIA
CriminalCode(OfficialGazette125/2011)
definitionofmoneylaundering:Article265
definitionofterroristfinancingandotherrelatedcriminalacts:Articles97Article103
AntiMoneyLaunderingandTerroristFinancingLaw(OfficialGazette87/2008)andActonAmendmentstotheAct
onAntiMoneyLaunderingandTerroristFinancingAct(OfficialGazette25/2012)Croatianversiononly
Article7,paragraph5Ordinanceonthedeterminationofconditionsunderwhichobligatedpersonshave
toidentifycustomersascustomerswhoposeanegligiblethreatintermsofmoneylaunderingorterrorist
financingCroatianversiononly
Article15,paragraph2casedtobevalidasof1July2013Ordinanceonthecontentandtypeofdataon
thepayeraccompanyingelectronicfundstransfer,theobligationsofpaymentservicesproviderandon
exemptionsfromtheobligationtocollectdatainfundstransferCroatianversiononlysince1July2013
enteredintoforceRegulation(EC)No1781/2006oftheEuropeanParliamentandoftheCouncilof15
November2006oninformationonthepayeraccompanyingtransfersoffunds
Article16,paragraph2andArticle40OrdinanceontheobligationtoreportcashtransactionsofHRK
200,000.00orabovetotheOfficeforMoneyLaunderingPreventionandontheconditionsunderwhichthe
obligatedpersonsarenotobligatedtoreportcashtransactionsofindividualcustomerstotheOfficefor
MoneyLaunderingPreventionCroatianversiononly
Article16,paragraph2andArticle42Ordinanceontheobligationtoreportsuspicioustransactionsand
personstotheOfficeforMoneyLaunderingPreventionCroatianversiononly
Article28,paragraph6OrdinanceontheconditionsunderwhichpersonssubjecttotheLawonthe
PreventionofMoneyLaunderingandtheFinancingofTerrorismmayoutsourcecustomerduediligence
measurestothirdpersonsCroatianversiononly
Article54andArticle81,paragraph6Ordinanceonthemannerandthetimelimitsforreporting
suspicioustransactionsandpersonstotheOfficeforMoneyLaunderingPreventionandonthekeepingof
recordsbylawyers,lawfirms,publicnotaries,auditfirmsandindependentauditorsandlegalandnatural
personsengagedinaccountingandtaxcounsellingactivitiesCroatianversiononly
Article74andArticle81,paragraph6Ordinanceonthecontrolofdomesticandforeigncurrencycash
takeninandoutofthecountryacrossthestatebordersCroatianversiononly
Article82,paragraph2Ordinanceonthemannerandthetimelimitsforsubmittingdataoncriminal
activitiesofmoneylaunderingandterroristfinancingtotheOfficeforMoneyLaunderingPrevention
Croatianversiononly
Article82,paragraph3Ordinanceonthemannerandthetimelimitsforsubmittingdataon
misdemeanourprocedurestotheOfficeforMoneyLaunderingPreventionCroatianversiononly
ActontheInternationalRestrictionMeasures(OfficialGazette139/2008)
ActonAmendmentstotheActontheInternationalRestrictionMeasures(OfficialGazette41/2014)
EURegulation
ForeignExchangeAct(OG96/2003,140/2005,132/2006,150/2008,92/2009,133/2009PaymentSystemAct,
153/2009,145/2010and76/2013),unofficialamendedtext
CashenteringorLeavingtheUnion(ForeignExchangeAct,Article40)
Regulation(EC)No1889/2005oftheEuropeanParlamentandoftheCouncil,of26October2005on
controlsofcashenteringorleavingtheCommunitywhichenteredintoforceon1July2013
CashDeclarationForm
ActontheResponsibilityofLegalPersonsforCriminalOffences(OfficialGazette151/2003,110/2007,45/2011
and143/2012)
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GUIDELINESOFSUPERVISORYAUTHORITIES
CroatianNationalBank(CNB)
GuidelinesfortheimplementationoftheAntiMoneyLaunderingandTerroristFinancingLawwithrespect
tocreditinstitutions,creditunionsandelectronicmoneyinstitutions
CroatianServicesSupervisoryAgency(HANFA)
GuidelinesfortheimplementationoftheLawonthePreventionofMoneyLaunderingandtheFinancingof
TerrorismforobligatedpersonswhofallwithinthejurisdictionoftheCroatianFinancialServices
SupervisoryAgencyCroatianversiononly
MinistryofFinanceFinancialInspectorate
GeneralguidelinesfortheimplementationoftheAntiMoneyLaunderingandTerroristFinancingAct
Croatianversiononly
GuidelinesforreportingentitiessubjecttocontrolbytheFinancialInspectorateinrelationtothe
enforcementoftheAntiMoneyLaunderingandTerroristFinancingAct
GuidelinesfortheimplementationoftheAntiMoneyLaunderingandTerrorismFinancingActforaudit
firms,independentauditors,naturalandlegalpersonswhoprovideaccountingandtaxcounsellingservices
Croatianversiononly
GuidelinesfortheimplementationoftheAntiMoneyLaunderingandTerrorismFinancingActforlawyers
andpublicnotariesCroatianversiononly

VTHEROLEOFTHECNBINTHEPREVENTIONOFMONEYLAUNDERINGANDTERRORISTFINANCINGIN
THEREPUBLICOFCROATIA
CompetencesandresponsibilitiesoftheCNB
Supervisionoftheimplementationofregulationsintheareaofpreventionofmoneylaunderingandterrorist
financinginbanks,savingsbanks,creditunionsandelectronicmoneyinstitutions
Givingrecommendationsfortheimprovementofthesystemforthepreventionofmoneylaunderingandterrorist
financing
Organisationoftrainingintheareaofpreventionofmoneylaunderingandterroristfinancingfortheinstitutions
underitssupervision
OrganisationoftrainingfortheemployeesoftheCroatianNationalBankintheareaofpreventionofmoney
launderingandterroristfinancing
Draftingguidelinesfortheimplementationofregulationsintheareaofpreventionofmoneylaunderingand
terroristfinancingforbanks,savingsbanks,housingsavingsbanks,creditunionsandelectronicmoney
institutions
Participationinthedraftingoflawsandsubordinatelegislationwhichregulatethepreventionofmoneylaundering
intheRepublicofCroatia
Cooperationwithotherdomesticandinternationalbodiesregulatingantimoneylaunderingandterrorist
financing.
TheCNBcooperateswithotherdomesticandinternationalbodiesintheareaofpreventionofmoneylaunderingand
terroristfinancing.
TheCroatianNationalBankcooperateswithdomesticbodiesbasedonthefollowingagreements:
AgreementonCooperationandExchangeofInformationintheAreaofAntimoneyLaunderingandCombatingof
TerrorismFinancingwiththeMinistryofFinance
AgreementontheExchangeofInformationandCooperationintheAreaofSupervisionovertheImplementation
ofAntiMoneyLaunderingandTerroristFinancingLaw
AgreementonCooperationwiththeCroatianFinancialServicesSupervisoryAgency
ProtocolonCooperationandEstablishmentofanInterinstitutionalWorkingGroupforPreventingMoney
LaunderingandTerroristFinancing(IIWG)
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TheCroatianNationalBankcooperateswithinstitutionsabroadonthebasisofthefollowingmemorandaof
understandingandcooperation:
MemorandumofUnderstandingBetweentheCentralbankoftheSanMarinoandtheCroatianNationalBankin
theFieldofBankingSupervision
CooperationAgreementbetweentheCentralbankofMontenegroandtheCroatianNationalBankinthefieldof
BankingSupervision
MemorandumofUnderstandingbetweentheFederalFinancialSupervisoryAuthorityandtheCroatianNational
BankintheFieldofBankingSupervision
CooperationAgreementbetweenBankingCommissionandtheCroatianNationalBankintheFieldofBanking
Supervision
(CooperationagreementbetweenFrenchBankingCommissionandtheCNB)
MemorandumofUnderstandingbetweentheCroatianNationalBankandtheAustrianFederalMinistryofFinance
andtheAustrianFinancialMarketAuthorityconcerningtheirCooperationintheFieldofBankingSupervision
MemorandumofUnderstandingandCooperationinBankingSupervisionbetweentheCroatianNationalBankand
theCentralBankofBosniaandHerzegovina,BankingAgencyoftheFederationofBosniaandHerzegovinaand
BankingAgencyofRepublikaSrpska
MemorandumofUnderstandingbetweenBancad'ItaliaandtheCroatianNationalBankintheFieldofBanking
Supervision
MemorandumofUnderstandingbetweentheHungarianFinancialSupervisoryAuthorityandtheCroatianNational
BankintheFieldofBankingSupervision
MemorandumofUnderstandingbetweenBankingRegulationandSupervisoryAgencyofTurkeyandtheCroatian
NationalBankCraotianversiononly

VIABOUTTHEPMLTFCOMMITTEE
TheCommitteeoftheCroatianNationalBankforthePreventionofMoneyLaunderingandTerroristFinancing
(hereinafter:theCommittee)wasestablishedinMarch2007.TheroleoftheCommitteeistoformulateandcoordinate
proceduresandactivitiesoftheCNBincarryingoutlegislativetaskswithinthejurisdictionoftheCNBinthefieldof
preventionofmoneylaunderingandterroristfinancingandtodefineitsviewsonindividualtopicsinthatarea.The
Committeedecidesonrequestsfordataandinformationsubmittedbyotherbodies,monitorstheimplementationof
mutuallyassumedrightsandobligations,includingtheexchangeofinformationanddatabasedonagreementsentered
intowithotherbodies,preparesandproposesenteringintoagreementsoncooperationwithotherbodies,issues
proposalsforthedraftingandadoptionofsubordinatelegislationtocompetentexpertservicesandparticipatesinthe
draftingoflegislationonthepreventionofmoneylaunderingandterroristfinancing.IncooperationwiththeCroatian
ChamberofEconomyandtheCroatianBankingAssociation,theCommitteeparticipatesinorganisingtrainingsfor
obligatedpersonsundertheCNBssupervision.
ThemembersoftheCommitteeincluderepresentativesofseveralorganisationalunits,whoarealsothemembersof
theIIWGandIDWGST.TheCommitteeactsasaninternalconsultativebody,whichreportstotheGovernorona
regularbasis.
Initswork,theCommitteecooperateswith:
TheMinistryofFinanceFinancialInspectorateandOfficeforMoneyLaunderingPrevention
TheCroatianChamberofEconomy
TheCroatianBankingAssociation
TheCroatianFinancialServicesSupervisoryAgency(HANFA)
InterinstitutionalWorkingGroupforthePreventionofMoneyLaunderingandTerroristFinancing(IIWG)
NationalCommissionforthePreventionandSuppressionofTerrorism
OneofthetasksoftheCommitteeistoprovideinterpretationoftheimplementationofguidelinesissuedbytheCNB.
QuestionsonthistopiccanbeforwardedtotheCommitteeatthefollowingemailaddress:odborSPNFT@hnb.hr
CommitteeActivities
ProjectCARDS2003"PreventionandCombatingMoneyLaundering"
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ProgramCARDS(CommunityAssistanceforReconstruction,DevelopmentandStabilisation)isatechnical
financialaidprogrammeoftheEuropeanUnionwhichwasadoptedinDecember2000andwhosebasicobjective
istoprovidesupporttothecountriesofSoutheastEuropeinactiveparticipationinthestabilisationand
associationprocessandintheimplementationofobligationsassumedundertheStabilisationandAssociation
Agreement(SAA).TheprojectCARDS"PreventionandCombatingMoneyLaundering"wascompletedin
December2007.Itsmainobjectivewastoprovidesupporttoinstitutionalstrengtheningwithaviewtopreventing
moneylaunderingandcombatingterroristfinancing,organisedcrimeandingeneral,seriousformsoffinancial
crime.
TheCroatianChamberofEconomy
IntheframeworkofitscooperationwiththeCroatianChamberofEconomy,theCommitteeholdsaseminarfor
creditsinstitutionsandeletronicmoneyinstitutionseveryyearsinceitsestablishment,onnewdevelopmentsin
theareaofpreventionofmoneylaunderingandterroristfinancing.Thereisacontinuouscooperationbetween
thesetwoinstitutionsassociatedwiththeinterpretationoftheAntiMoneyLaunderingandTerrorismFinancing
Act,aswellasacooperationwiththeCroatianChamberofEconomy,asaprofessionalassociation,indraftingof
theGuidelinesforcreditinstitutions,creditunionsandelectronicmoneyinstitutions.
TheCroatianBankingAssociation
Intheareaofpreventionofmoneylaunderingandterroristfinancing,theCommitteecooperatesandexchanges
information,receivedbytheMinistryofForeignandEuropeanAffairsandotherauthorities,withtheCroatian
BankingAssociation,regardingalistofextraterritorialdestinations,equivalentthirdcountries,alistofindicators
ofsuspicioustransactionsandcybercrimeissues.InpreparingtheGuidelinesforcreditinstitutions,creditunions
andelectronicmoneyinstitutions,theCommitteecooperateswiththeCroatianBankingAssociationasa
professionalassociation.
TheCroatianFinancialServicesSupervisoryAgency(HANFA)
TheCroatianNationalBankandHANFAcooperatewitheachotherandcoordinatetheiractivitiesthroughthe
WorkingCommitteeforFinancialSystemSupervision.Thecooperationconsistsinacontinuousexchangeof
informationrelatedtoindividualmattersandtheissuingoflicensesandapprovals,ininitiatingandadopting
legislation,aswellasinthesupervisionofentitiessubjecttosupervisionwithintheinstitutions'respectivefields
ofauthority.Incaseofsomeopenissues,adhocworkinggroups,consistingoftherepresentativesofboth
institutions,canalsobesetuptojointlyseekpossiblesolutionsandproposetheonethatisthemostappropriate
foragivenissue.
InterinstitutionalWorkingGroupforthePreventionofMoneyLaunderingandTerroristFinancing(IIWG)
IIWGcomprisesrepresentativesoftheMinistryofJustice,theStateAttorney'sOffice,theMinistryofInterior,the
MinistryofFinance(theCustomsAdministration,theTaxAdministration,theFinancialInspectorate,theOfficefor
MoneyLaunderingPrevention),theCroatianFinancialServicesSupervisoryAgency,theMinistryofForeignand
EuropeanAffairs,theSecurityandIntelligenceAgencyandtheCNB.
IIWGisresponsibleforcoordinatingthemeasuresandreportingontheimplementationoftheActionPlanforthe
PreventionofMoneyLaunderingandTerroristFinancing,coordinatingthepreparationofthereportsfor
MONEYVAL,promotinginterinstitutionalcooperationinthisareaandproposingimprovementsinlegislation,
implementingregulations,guidelines,etc.
NationalCommissionforthePreventionandSuppressionofTerrorism(Commission)
TheGovernmentoftheRepublicofCroatiaadoptedtheDecisionontheestablishmentoftheNational
CommissionforthePreventionandSuppressionofTerrorismon23July2014.Commissionmembersare
representativesofthefollowingbodies:theMinistryofForeignandEuropeanAffairs,theMinistryoftheInterior,
theMinistryofFinance,theMinistryofDefence,theMinistryofJustice,theMinistryofEconomy,theMinistryof
MaritimeAffairs,TransportandInfrastructure,theOfficeofthePresidentoftheRepublicofCroatia,theOfficeof
theNationalSecurityCouncil,theOfficeforHumanRightsandRightsofNationalMinorities,theSecurityand
IntelligenceAgency,theMilitarySecurityandIntelligenceAgency,theStateAttorney'sOfficeoftheRepublicof
Croatia,theNationalProtectionandRescueDirectorateandtheCNB.TheMinistryofForeignandEuropean
AffairsisresponsibleforthecoordinationofCommissioneffortsandfortheperformanceofexpertand
administrativetasks.ThetasksoftheCommitteeareasfollows:coordinationofactivitiesfortheimplementation
oftheNationalStrategyforthePreventionandSuppressionofTerrorismandoftherelevantActionPlan
coordinationofactivitiesandguidelinesofinternationalcounterterrorisminitiatives,monitoringthe
implementationofthestatedmeasuresandpreparingreportsandopinionsoftheRepublicofCroatiaforthe
purposesofinternationalcounterterrorismcooperation.TheCommissionhasalsotakenovertheactivitiesofthe
formerInterdepartmentalWorkingGroupfortheSuppressionofTerrorism.
StandingCoordinatingGroup(SCG)formonitoringtheimplementationofinternationalrestrictionmeasuresand
monitoringandcoordinationofrestrictionmeasuresapplication
TheSCG,whosemembers,amongothers,alsoincludeCNBrepresentatives,wasestablishedbytheGovernment
oftheRepublicofCroatiapursuanttoArticle5oftheActontheInternationalRestrictionMeasures.Thetermsof
referenceoftheSCGincludetheimplementationoftheUN'ssanctionregimeagainstAlQaidaandtheTaliban,
establishedbytheUnitedNationsSecurityCouncilResolution1267(1999),aswellasoftheEU'scounter
terrorismsanctionsregime.
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VIIINTERNATIONALINSTITUTIONSANDGROUPSENGAGEDINTHECOMBATOFMONEYLAUNDERING
ANDTERRORISTFINANCINGANDTHEIRDOCUMENTS
1. UnitedNations
UnitedNationsConventionagainstillicittrafficinnarcoticdrugsandpsychotropicsubstances,Wien,
Austria,19December1988
(OfficialGazetteoftheSFRY,14/1990of23November1990,ActontheRatificationoftheUnitedNations
ConventionagainstIllicitTrafficinNarcoticDrugsandPsychotropicSubstances)
UnitedNationsConventionagainsttransnationalorganizedcrime,Palermo,Italy,15November2001
(OfficialGazette,Internationalagreements,14/2002,ActontheRatificationoftheUnitedNations
ConventionAgainstTransnationalOrganizedCrime)
UnitedNationsConventionagainstcorruption,Merida,Mexico,14December2005
(OfficialGazette,Internationalagreements,2/2005,ActontheRatificationoftheUnitedNations
ConventionAgainstCorruption)
UNConventionsandotherInternationalStandards:
AnoverviewoftheUNConventionsandOtherInternationalStandardsConcerningtheFinancingof
Terrorism

2. EuropeanUnion(EU)
Conventiononlaundering,search,seizureandconfiscationoftheproceedsfromcrime,Strasbourg,8
November1990
(OfficialGazette,Internationalagreements,14/1997,ActontheRatificationoftheConventionon
laundering,Search,SeizureandConfiscationoftheProceedsfromCrime)
CouncilofEuropeConventiononlaundering,search,seizureandconfiscationoftheproceedsfromcrime
andonthefinancingofterrorism,Warsaw,16May2005Craotianversiononly
(OfficialGazette,Internationalagreements,5/2008,ActontheRatificationoftheCouncilofEurope
ConventiononLaundering,Search,SeizureandConfiscationoftheProceedsfromCrimeandonthe
FinancingofTerrorism
ConventiononCybercrime
(OfficialGazette,Internationalagreements9/2002)
Directive2005/60/ECoftheEuropeanParliamentandoftheCouncilonthepreventionoftheuseofthe
financialsystemforthepurposeofmoneylaunderingandterroristfinancing
(OfficialJournaloftheEuropeanUnionOJL309/15)
Directive2008/20/ECoftheEuropeanParliamentandoftheCouncilof11March2008amendingDirective
2005/60/EConthepreventionoftheuseofthefinancialsystemforthepurposeofmoneylaunderingand
terroristfinancing
(OfficialJournaloftheEuropeanUnionOJL76/46)
CommissionDirective2006/70/EClayingdownimplementingmeasuresforDirective2005/60/ECofthe
EuropeanParliamentandoftheCouncilasregardsthedefinitionof"politicallyexposedperson"andthe
technicalcriteriaforsimplifiedcustomerduediligenceproceduresandforexemptionongroundsofa
financialactivityconductedonoccasionalorverylimitedbasis
(OfficialJournaloftheEuropeanUnionOJL214/29)
Regulation(EC)No1889/2005oftheEuropeanParliamentandoftheCounciloncontrolsofcashentering
orleavingtheCommunity
(OfficialJournaloftheEuropeanUnionOJL309/9)
Regulation(EC)No1781/2006oftheEuropeanParliamentandoftheCounciloninformationonthepayer
accompanyingtransfersoffunds
(OfficialJournaloftheEuropeanUnionOJL345/1)

3. FinancialActionTaskForce(FATF)
TheFATFisanintergovernmentalbodyestablishedinParisin1989atthemeetingofG7countrieswhosetaskis
tomonitortheimplementationofmeasuresforthepreventionofmoneylaunderingandterroristfinancing.The
FATFmandateincludestheintroductionofstandardsforcombatingmoneylaundering,terroristfinancing,
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proliferationofmassdestructionweapons,assessingcompliancewiththeFATFstandards,identifyingthreatsto
theintegrityoftheinternationalfinancialsystemandrespondingtothemthroughstudyinghighriskjurisdictions
andtypologies.
34jurisdictionsand2regionalauthoritiesaremembersoftheFATF
TherecommendationsissuedbytheFATFrepresentthestandardsforcombatingmoneylaunderingandterrorist
financing:
Recommendations(February2012)
Highriskandnoncooperativejurisdictions
FATFregionalbodies:
Asia/PacificGrouponMoneyLaundering(APG)
TheAsia/PacificGroupisanautonomousinternationalorganisationforthepreventionofmoneylaundering
establishedinBangkok,Thailand,in1997.Itcurrentlyconsistsof41membercountriesandanumberof
internationalandregionalobserversincludingtheFATF,theInternationalMonetaryFund(IMF),theWorld
Bank,theOrganisationforEconomicCooperationandDevelopment(OECD),theUNOfficeonDrugsand
Crime,theAsianDevelopmentBank,theEgmontGroup,andothers.
CaribbeanFinancialActionTaskForce(CFATF)
TheCaribbeanFATFisanorganisationof29statesoftheCaribbeanBasin,whichhaveagreedto
implementcommonstandardsandmeasurestoaddresstheproblemofmoneylaundering.Itwas
establishedastheresultofmeetingsconvenedinArubainMay1990andJamaicainNovember1992.It
currentlyconsistsof29memberstates.
CouncilofEuropeSelectCommitteeofExpertsontheEvaluationofAntiMoneyLaunderingMeasures
(MONEYVAL)
TheCouncilofEuropeSelectCommitteeofExpertsontheEvaluationofAntiMoneyLaunderingMeasures,
MONEYVAL,whichisresponsibleformonitoringtheimplementationofmeasuresforthepreventionof
moneylaunderingandterroristfinancing,wasestablishedin1997.MONEYVALcurrentlycomprises30
Europeancountries,includingtheRepublicofCroatia,andalargenumberofobserversincluding
representativesofFATFmemberstates,theWorldBank,theInternationalMonetaryFund,theEuropean
Union,Interpol,theEuropeanBankforReconstructionandDevelopmentandothers.
InSeptember2012,ateamofMONEYVALexpertspaidavisittoCroatiainthecontextofthe4throundof
evaluations.Incontactswithgovernmentandprivatesectorrepresentatives,theevaluatorsgathered
informationtoevaluatecomplianceoftheCroatianlegislationanditsimplementationinthefieldof
preventionofmoneylaunderingandterroristfinancing,whileassessingthelevelofcompliancewiththe
FATFrecommendations.Basedontheirfindings,theypreparedthe4thRoundEvaluationReporton
CroatiawhichwasadoptedatMONEYVAL's42ndplenarysessionheldinStrasbourginSeptember2013.
EvaluationreportsontheRepublicofCroatiawithaccompanyingprogressreports(1999,2002,
2006and2013)
Usefullinks
Keydocumentsintheconductofevaluationprocedure
EuroasianGrouponCombatingMoneyLaunderingandFinancingofTerrorism(EAG)
TheEuroasianGrouponCombatingMoneyLaunderingandFinancingofTerrorismwasfoundedon6
October2004onRussia'sinitiativeandissupportedbyinternationalorganisationssuchastheFATF,the
InternationalMonetaryFund,theWorldBankanditsmemberstates.Since2011,thefollowingcountries
areEAG'smembers:Belarus,China,India,Kazakhstan,Kyrgyzstan,Russia,Tajikistan,Turkmenistanand
Uzbekistan.Theorganisation'sheadofficeisinMoscow.
EasternandSouthernAfricaAntiMoneyLaunderingGroup(ESAAMLG)
TheEasternandSouthernAfricaAntiMoneyLaunderingGroupisaFATFstyleregionalbodyfoundedin
August1999thatcomprises15memberstatesfromEasternandSouthernAfrica.TheGroup'seffortsare
supportedbythefollowinginternationalorganisations:theFATF,theAsiaPacificGrouponMoney
Laundering(APG),theCaribbeanFATF(CFATF),theCommonwealthSecretariat,theEgmontGroup,
Interpol,theUNOfficeonDrugsandCrimeandtheWorldBank.
IntergovernmentalActionGroupagainstMoneyLaunderinginAfrica(GIABA)
TheGIABAistheinstitutionoftheEconomicCommunityofWestAfricanStatesresponsibleforfacilitating
theadoptionandimplementationofantimoneylaunderingandcounterfinancingofterrorisminWest
Africa.AsaFATFstyleregionalbody,itseffortsare,inadditiontomemberstates,supportedbythe
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AfricanDevelopmentBank,theUNOfficeonDrugsandCrime,theWorldBank,theInternationalMonetary
Fund,Interpol,theWorldCustomsOrganisation,theCommonwealthSecretariatandtheEuropeanUnion.
FinancialActionTaskForceonMoneyLaunderinginSouthAmerica(GAFISUD)
TheGAFISUDisaFATFstyleregionalbodyinSouthAmericaestablishedon8December2000.Itscurrent
memberstatesare:Argentina,Bolivia,Brazil,Chile,Columbia,Ecuador,Mexico,Paraguay,Peruand
Uruguay.ThepurposeofGAFISUDistoworktowarddevelopingandstrengtheningthelegalframework
amongthememberstatesandintheregionforcombatingmoneylaunderingandterroristfinancinginline
withtheFATFrecommendations.
Observercountriesare:France,Germany,Portugal,SpainandtheUnitedStates.TheGroup'seffortsare
supportedbythefollowinginternationalorganisations:theEgmontGroup,theInterAmerican
DevelopmentBank,Interpol,theInternationalMonetaryFund,theOrganizationofAmericanStates,the
InterAmericanCommissionagainstDrugAbuse(CICAD),theUNandtheWorldBank.
MiddleEastandNorthAfricaFinancialActionTaskForce(MENAFATF)
TheMENAFATFisaFATFstyleregionalbodyfortheMiddleEastandNorthAfrica.Itwasestablishedby
14countriesandregionson30November2004inManama,Bahrain.Itsmemberstatesare:Jordan,
UnitedArabEmirates,Bahrain,Algeria,Tunisia,SaudiArabia,Sudan,Syria,Iraq,Oman,Qatar,Kuwait,
Lebanon,Egypt,Morocco,Mauritania,LibyaandYemen.ThemainpurposeoftheMENAFATFisto
implementtheFATFstandardsforcombatingmoneylaunderingintheregion.Itsheadofficeisin
Manama,Bahrain.

4. CODEXTER(CommitteeofExpertsonTerrorism)
TheCODEXTER,establishedin2003,istheCommitteeofExpertsonTerrorismoftheCouncilofEurope.Oneof
themaintasksoftheCODEXTERistopreparereviewsoflegislationandinstitutionalcounterterrorismplansof
themembersoftheCouncilofEurope.Thesearereportsoncounterterrorismmeasuresimplementedbyeachof
thecountriesthroughnationalregulations.

5. EgmontGroup
EgmontGroupwasestablishedin1995withataskofstrengtheningandfacilitatinginternationalcooperation
betweenfinancialintelligenceunits(FIUs)throughouttheworld.Itsmembershipnumberscurrentlystandat132
membersandaresteadilyincreasing.

6. InternationalAssociationofInsuranceSupervisors(IAIS)
Establishedin1994,theInternationalAssociationofInsuranceSupervisors(IAIS)representsinsuranceregulators
andsupervisorsofsome190jurisdictionsthroughouttheworld.TheIAISissuesglobalinsuranceprinciples,
standardsandguidance,providestrainingandsupportonissuesrelatedtoinsurancesupervisionandorganises
meetingsandseminarsforinsurancesupervisors.

7. BaselCommitteeonBankingSupervision
TheBaselCommittee,establishedwithintheBankforInternationalSettlements(BIS)bytheGroupofTen
countriesin1974,meetsregularlyfourtimesayear.TodaytheCommittee'smemberscomefromthecentral
banksofBelgium,Canada,France,Germany,Italy,Japan,Luxembourg,theNetherlands,Spain,Sweden,
Switzerland,theUnitedKingdomandtheUnitedStates.

8. TheWolfsbergGroup
TheWolfsbergGroupisanassociationofelevenleadingglobalbanks:ABNAMRO,BancoSantanader,Bankof
TokyoMitsubishiUFJ,Barclays,Citigroup,CreditSuisse,DeutscheBank,GoldmanSachs,HSBC,JPMorgan
Chase,SocitGnraleandUBS.TheWolfsbergGroupcametogetherin2000inSwitzerlandwiththeaimof
developingandpromotingbankingservicesindustrystandards,andrelatedproducts.TheGroupissuedthe
WolfsbergAntiMoneyLaunderingPrinciplesforPrivateBankingin2000(revisedin2002and2012),subsequently
acceptedasbankingindustrystandards.

9. InternationalMoneyLaunderingInformationNetwork(IMoLIN)
IMoLINisaninternationalorganisationestablishedin1998bytheUnitedNationsonbehalfofapartnershipof
internationalorganisationsinvolvedinthepreventionofmoneylaunderingandfinancingofterrorism.IMoLIN
collectsinformationonnationalmoneylaunderingandfinancingofterrorismlawsandidentifiesareasfor
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