Regulation on the Method of Submitting Data, Information, Documentation, Explanations, and Notifications to the Financial Intelligence Unit

The Ministry of Internal Affairs has adopted the Regulation on the Method of Submitting Data, Information, Documentation, Explanations, and Notifications to the Financial Intelligence Unit.

This regulation prescribes detailed procedures for submitting notifications to the organizational unit responsible for preventing money laundering and terrorism financing within the state administration authority for internal affairs that performs police duties (hereinafter: Financial Intelligence Unit).

It covers:

• Notifications under Article 17, Paragraph 7 of the Law on the Prevention of Money Laundering and Terrorism Financing (hereinafter: the Law).
• Data under Article 66, Paragraphs 1-6 and Paragraph 10 of the Law.
• Explanations under Article 66, Paragraph 9 of the Law.
• Notifications under Article 66, Paragraphs 11 and 12 of the Law.
• Data, information, and documentation under Article 90, Paragraph 1 of the Law submitted by obligated entities as defined in Article 4 of the Law (hereinafter: obligated entities).
• Data, information, and documentation under Article 91, Paragraph 1 of the Law submitted by subjects and individuals specified in Article 91, Paragraph 1 of the Law.
• Data, information, and documentation under Article 92, Paragraph 1 of the Law submitted by competent authorities as defined in Article 96, Paragraph 1 of the Law, other state bodies, supervisory authorities under Article 131, Paragraph 1 of the Law, and holders of public authorizations.
• Data under Article 114, Paragraphs 1, 2, and 3 of the Law submitted by stock exchanges and clearing and depository companies.
• Data under Article 115, Paragraphs 2, 3, and 4 of the Law submitted by competent state prosecutors, courts, and the state administration authority responsible for judicial affairs.
• Data under Article 135, Paragraphs 1 and 2 of the Law, and notifications under Article 135, Paragraphs 4 and 5 of the Law submitted by supervisory authorities under Article 131, Paragraph 1 of the Law.

Upon the entry into force of this regulation, the Regulation on Submitting Data on Cash, Suspicious, and Other Transactions to the Financial Intelligence Unit (“Official Gazette of Montenegro”, No. 53/21) will cease to apply.

This regulation was published in the “Official Gazette of Montenegro” No. 26/2024 on March 25, 2024, and will come into force eight days after its publication.