| The Committee of the Croatian National Bank for the Prevention of
Money Laundering and Terrorist Financing (hereinafter: the Committee)
was established in March 2007. The role of the Committee is to formulate
and coordinate procedures and activities of the CNB in carrying out
legislative tasks within the jurisdiction of the CNB in the field of
prevention of money laundering and terrorist financing and to define its
views on individual topics in that area. The Committee decides on
requests for data and information submitted by other bodies, monitors
the implementation of mutually assumed rights and obligations, including
the exchange of information and data based on agreements entered into
with other bodies, prepares and proposes entering into agreements on
cooperation with other bodies, issues proposals for the drafting and
adoption of subordinate legislation to competent expert services and
participates in the drafting of legislation on the prevention of money
laundering and terrorist financing. In co-operation with the Croatian
Chamber of Economy and the Croatian Banking Association, the Committee
participates in organising trainings for obligated persons under the CNBs
supervision. The members of the Committee include representatives of
several organisational units, who are also the members of the IIWG and
IDWGST. The Committee acts as an internal consultative body, which
reports to the Governor on a regular basis.
In its work, the Committee cooperates with:
One of the tasks of the Committee is to provide interpretation of the implementation of guidelines issued by the CNB. Questions on this topic can be forwarded to the Committee at the following e-mail address:
odbor-SPNFT@hnb.hr
Committee Activities
- Project CARDS 2003
"Prevention and Combating Money Laundering"
Program CARDS (Community Assistance for Reconstruction, Development
and Stabilisation) is a technical-financial aid programme of the
European Union which was adopted in December 2000 and whose basic
objective is to provide support to the countries of Southeast Europe
in active participation in the stabilisation and association process
and in the implementation of obligations assumed under the
Stabilisation and Association Agreement (SAA). The project CARDS "Prevention
and Combating Money Laundering" was completed in December 2007. Its
main objective was to provide support to institutional strengthening
with a view to preventing money laundering and combating terrorist
financing, organised crime and in general, serious forms of
financial crime.
- The Croatian
Chamber of Economy
In the framework of its cooperation with the
Croatian Chamber of Economy, the Committee holds a seminar for
credits institutions every year since its establishment, on new
developments in the area of prevention of money laundering and
terrorist financing. There is a continuous co-operation between
these two institutions associated with the interpretation of the
Anti-Money Laundering and Terrorism Financing Act, as well as a co-operation
with the Croatian Chamber of Economy, as a professional association,
in drafting of the Guidelines for credit institutions, credit unions
and electronic money institutions.
- The Croatian Banking Association
In the area of prevention of money laundering and terrorist
financing, the Committee co-operates and exchanges information,
received by the Ministry of Foreign and European Affairs and other
authorities, with the Croatian Banking Association, regarding a list
of extraterritorial destinations, equivalent third countries, a list
of indicators of suspicious transactions and cyber crime issues. In
preparing the Guidelines for credit institutions, credit unions and
electronic money institutions, the Committee co-operates with the
Croatian Banking Association as a professional association.
- The Croatian Financial Services Supervisory Agency (HANFA)
The Croatian National Bank and HANFA cooperate with each other and coordinate their activities through the Working Committee for Financial System Supervision. The cooperation consists in a continuous exchange of information related to individual matters and the issuing of licenses and approvals, in initiating and adopting legislation, as well as in the supervision of entities subject to supervision within the institutions' respective fields of authority. In case of some open issues, ad hoc working groups, consisting of the representatives of both institutions, can also be set up to jointly seek possible solutions and propose the one that is the most appropriate for a given issue.
- Inter-institutional Working Group for the Prevention of Money Laundering and Terrorist Financing (IIWG)
IIWG comprises representatives of the Ministry of Justice, the State
Attorney's Office, the Ministry of Interior, the Ministry of Finance
(the Customs Administration, the Tax Administration, the Financial
Inspectorate, the Office for Money Laundering Prevention), the
Croatian Financial Services Supervisory Agency, the Security and
Intelligence Agency and the CNB.
IIWG is responsible for coordinating the measures and reporting on
the implementation of the Action Plan for the Prevention of Money
Laundering and Terrorist Financing, coordinating the preparation of
the reports for MONEYVAL, promoting inter-institutional cooperation
in this area and proposing improvements in legislation, implementing
regulations, guidelines, etc.
- Inter-departmental Working Group for the Suppression of Terrorism (IDWGST)
The Inter-departmental Working Group for the Suppression of
Terrorism was established in 2005 pursuant to a decision of the
Government of the Republic of Croatia with the aim of monitoring the
national implementation of the provisions of the United Nations
Security Council Resolutions 1267 (1999) about the measures against
the Taliban (on the situation in Afghanistan), 1373 (2001) on the
combat of terrorism and 1566 (2004) on the threats to international
peace and security caused by terrorist acts and the implementation
of other relevant international documents and initiatives in the
framework of the EU, NATO and OSCE in the field of combat against
terrorism.
- Standing Coordinating Group (SCG) for monitoring the implementation of international restriction measures and monitoring and co-ordination of restriction measures application
The SCG, whose members, among others, also include CNB
representatives, was established by the Government of the Republic
of Croatia pursuant to Article 5 of the Act on the International
Restriction Measures. The terms of reference of the SCG include the
implementation of the UN's sanction regime against Al Qaida and the
Taliban, established by the United Nations Security Council
Resolution 1267 (1999), as well as of the EU's counter-terrorism
sanctions regime.
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1. United Nations
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United Nations Convention against illicit traffic in narcotic drugs and psychotropic substances, 19 December 1988, Wien, Austria
(Official Gazette of the SFRY, 14/1990 of 23 November 1990, Act on the Ratification of the United Nations Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances)
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United Nations Convention against transnational organized crime, , 15 November 2001, Palermo, Italy
(Official Gazette, International agreements, 14/2002, Act on the Ratification of the United Nations Convention Against Transnational Organized Crime)
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United Nations Convention against corruption,, 14 December 2005, Merida, Mexico
(Official Gazette, International agreements, 2/2005, Act on the Ratification of the United Nations Convention Against Corruption)
- UN Conventions and other International Standards:
"An overview of the UN Conventions and Other International Standards
Concerning the Financing of Terrorism" PDF
2. European Union (EU)
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Convention on laundering, search, seizure and confiscation of the proceeds from crime,, 8 November 1990, Strasbourg,
(Official Gazette, International agreements, 14/1997, Act on the Ratification of the Convention on laundering, Search, Seizure and Confiscation of the Proceeds from Crime)
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Council of Europe Convention on laundering, search, seizure and confiscation of the proceeds from crime and on the financing of terrorism,, 16 May 2005, Warsaw
(Craotian version only)
(Official Gazette, International agreements, 5/2008, Act on the Ratification of the Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism)
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Directive 2005/60/EC of the European Parliament and of the Council on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing
(Official Journal of the European Union OJ L 309/15)
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Directive 2008/20/EC of the European Parliament and of the
Council of 11 March 2008 amending Directive 2005/60/EC on the
prevention of the use of the financial system for the purpose of
money laundering and terrorist financing
(Official Journal of the European Union OJ L 76/46)
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Commission Directive 2006/70/EC laying down implementing measures for Directive 2005/60/EC of the European Parliament and of the Council as regards the definition of
"politically exposed person" and the technical criteria for simplified customer due diligence procedures and for exemption on grounds of a financial activity
conducted on occasional or very limited basis,
(Official Journal of the European Union Official Journal of
the European Union OJ L 214/29)
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Regulation (EC) No 1889/2005 of the European Parliament and of the Council on controls of cash entering or leaving the Community,
(Official Journal of the European Union OJ L 309/9)
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Regulation (EC) No 1781/2006 of the European Parliament and of the Council on information on the payer accompanying transfers of funds ,
(Official Journal of the European Union OJ L 345/1)
3.
Financial Action Task Force (FATF)
The FATF is an intergovernmental body established in Paris
in 1989 at the meeting of G-7 countries whose task is to monitor the
implementation of measures for the prevention of money laundering
and terrorist financing. The FATF mandate includes the introduction
of standards for combating money laundering, terrorist financing,
proliferation of mass destruction weapons, assessing compliance with
the FATF standards, identifying threats to the integrity of the
international financial system and responding to them through
studying high risk jurisdictions and typologies.
34 jurisdictions and 2 regional authorities are members of the FATF
The recommendations issued by the FATF represent the standards
for combating money laundering and terrorist financing:
Guidance on the risk Risk-Based Approach to Combating Money
Laundering and Terrorist Financing
FATF regional bodies:
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Asia/Pacific Group on Money Laundering (APG)
The Asia/Pacific Group is an autonomous international organisation for the prevention of money
laundering established in Bangkok, Thailand, in 1997. It currently consists of 41 member countries and a number of
international and regional observers including the FATF, the International Monetary Fund (IMF), the World Bank,
the Organisation for Economic Co-operation and Development (OECD), the UN Office on Drugs and Crime,
the Asian Development Bank, the Egmont Group, and others.
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Caribbean Financial Action Task Force (CFATF)
The Caribbean FATF is an organisation of
29 states of the Caribbean Basin, which have agreed to implement
common standards and measures to address the problem of money
laundering. It was established as the result of meetings
convened in Aruba in May 1990 and Jamaica in November 1992. It
currently consists of 29 member states.
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Council of Europe Select Committee of Experts on the Evaluation
of Anti-Money Laundering Measures (MONEYVAL)
The Council of Europe Select Committee of
Experts on the Evaluation of Anti-Money Laundering Measures,
MONEYVAL, which is responsible for monitoring the implementation
of measures for the prevention of money laundering and terrorist
financing, was established in 1997. MONEYVAL currently comprises
30 European countries, including the Republic of Croatia,
and a large number of observers including representatives of
FATF member states, the World Bank, the International Monetary
Fund, the European Union, Interpol, the European Bank for
Reconstruction and Development and others.
In September 2006, a team of MONEYVAL experts paid a visit to
Croatia in the context of the 3rd round of evaluations. In
contacts with government and private sector representatives, the
evaluators gathered information to evaluate compliance of the
Croatian legislation and its implementation in the field of
prevention of money laundering and terrorist financing, while
assessing the level of compliance with the FATF recommendations.
Based on their findings, they prepared the 3rd Round Evaluation
Report on Croatia which was adopted at MONEYVAL's 26th plenary
session held in Strasbourg in April 2008. The first Progress
report was presented at MONEYVAL's 29th plenary session in March
2009. The second Progress report was presented at MONEYVAL's
35th plenary session in April 2011.
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Euroasian Group on Combating Money Laundering and Financing of Terrorism (EAG)
The Euroasian Group on Combating Money
Laundering and Financing of Terrorism was founded on 6 October
2004 on Russia's initiative and is supported by international
organisations such as the FATF, the International Monetary Fund,
the World Bank and its member states. Since 2011, the following
countries are EAG's members: Belarus, China, India, Kazakhstan,
Kyrgyzstan, Russia, Tajikistan, Turkmenistan and Uzbekistan. The
organisation's head office is in Moscow.
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Eastern and Southern Africa Anti-Money Laundering Group
(ESAAMLG)
The Eastern and Southern Africa Anti-Money
Laundering Group is a FATF-style regional body founded in August
1999 that comprises 15 member states from Eastern and Southern
Africa. The Group's efforts are supported by the following
international organisations: the FATF, the Asia-Pacific Group on
Money Laundering (APG), the Caribbean FATF (CFATF), the
Commonwealth Secretariat, the Egmont Group, Interpol, the UN
Office on Drugs and Crime and the World Bank.
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Intergovernmental Action Group against Money-Laundering in
Africa (GIABA)
The GIABA is the institution of the Economic Community of West
African States responsible for facilitating the adoption and
implementation of anti-money laundering and counter-financing of
terrorism in West Africa. As a FATF-style regional body, its
efforts are, in addition to member states, supported by the
African Development Bank, the UN Office on Drugs and Crime, the
World Bank, the International Monetary Fund, Interpol, the World
Customs Organisation, the Commonwealth Secretariat and the
European Union.
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Financial Action Task Force on Money Laundering in South America
(GAFISUD)
The GAFISUD is a FATF-style regional body in South America
established on 8 December 2000. Its current member states are:
Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, Mexico,
Paraguay, Peru and Uruguay. The purpose of GAFISUD is to work
toward developing and strengthening the legal framework among
the member states and in the region for combating money
laundering and terrorist financing in line with the FATF
recommendations.
Observer countries are: France, Germany, Portugal, Spain and the
United States. The Group's efforts are supported by the
following international organisations: the Egmont Group, the
Inter-American Development Bank, Interpol, the International
Monetary Fund, the Organization of American States, the Inter-American
Commission against Drug Abuse (CICAD), the UN and the World Bank.
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Middle East and North Africa Financial Action Task Force
(MENAFATF)
The MENAFATF is a FATF-style regional body for the Middle East
and North Africa. It was established by 14 countries and regions
on 30 November 2004 in Manama, Bahrain. Its member states are:
Jordan, United Arab Emirates, Bahrain, Algeria, Tunisia, Saudi
Arabia, Sudan, Syria, Iraq, Oman, Qatar, Kuwait, Lebanon, Egypt,
Morocco, Mauritania, Libya and Yemen. The main purpose of the
MENAFATF is to implement the FATF standards for combating money
laundering in the region. Its head office is in Manama, Bahrain.
4.
CODEXTER (Committee of Experts on Terrorism)
The CODEXTER, established in 2003, is the Committee of Experts on
Terrorism of the Council of Europe. One of the main tasks of the
CODEXTER is to prepare reviews of legislation and institutional
counter-terrorism plans of the members of the Council of Europe.
These are reports on counter-terrorism measures implemented by each
of the countries through national regulations.
5.
Egmont Group
Egmont Group was established in 1995 with a task of strengthening
and facilitating international cooperation between financial
intelligence units (FIUs) throughout the world. Its membership
numbers currently stand at 132 members and are steadily increasing.
6.
International Association of Insurance Supervisors (IAIS)
Established in 1994, the International Association of
Insurance Supervisors (IAIS) represents insurance regulators and
supervisors of some 190 jurisdictions throughout the world. The IAIS
issues global insurance principles, standards and guidance, provides
training and support on issues related to insurance supervision and
organises meetings and seminars for insurance supervisors.
7.
Basel Committee on Banking Supervision
The Basel Committee, established within the Bank for International
Settlements (BIS) by the Group of Ten countries in 1974, meets
regularly four times a year. Today the Committee's members come from
the central banks of Belgium, Canada, France, Germany, Italy, Japan,
Luxembourg, the Netherlands, Spain, Sweden, Switzerland, the United
Kingdom and the United States.
8.
The Wolfsberg Group
The Wolfsberg Group is an association of eleven leading global banks:
ABN AMRO, Banco Santanader, Bank of Tokyo-Mitsubishi-UFJ, Barclays,
Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JP
Morgan Chase, Soci้t้ G้n้rale and UBS. The Wolfsberg Group came
together in 2000 in Switzerland with the aim of developing and
promoting banking services industry standards, and related products.
The Group issued the Wolfsberg Anti-Money Laundering Principles for
Private Banking in 2000 (revised in 2002), subsequently accepted as
banking industry standards.
In 2011, Wolfsberg group prepared the
Guidelines for pre-paid cards
9.
International Money Laundering Information Network (IMoLIN)
IMoLIN is an international organisation established in 1998 by the
United Nations on behalf of a partnership of international
organisations involved in the prevention of money laundering and
financing of terrorism. IMoLIN collects information on national
money laundering and financing of terrorism laws and identifies
areas for improvement in these laws and international co-operation.
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