Action against Economic Crime in the Republic of North Macedonia (AEC-North Macedonia) - Phase 2

The European Union and Council of Europe signed Horizontal Facility for the Western Balkans and Turkey (hereafter referred to as “Horizontal Facility”) on 23 May 2016. The Horizontal Facility builds on the Council of Europe and EU Policy priorities in the context of the Western Balkans and Turkey and on the Council of Europe expertise in standard-setting, monitoring and cooperation methodologies. It aims to improve implementation of key recommendations of relevant Council of Europe monitoring and advisory bodies in the areas indicated in the Statement of Intent signed on 1 April 2014 by the Secretary General of the Council of Europe and the European Union Commissioner for Enlargement and European Neighbourhood Policy. Phase I of the Horizontal Facility begun on 24 May 2016 and lasted until 24 May 2019. It is succeeded by Phase II of the Horizontal facility which is planned to last until 24 May 2022.

HF ACTION COMPONENTS

AEC North Macedonia Phase 2
AEC Montenegro Phase 2
AEC Regional

Project Documentation & Deliverables

Action summary EN / MKD
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2021

Project News

Capacities of supervisors in North Macedonia to mitigate ML/FT risks in the licensing process of financial institutions enhanced

02 November 2022 Online

The Action against Economic Crime organised a half-day online meeting with representatives of the supervisory authorities of the financial sector with the aim to discuss the licensing process and requirements for supervisors to mitigate the risks of criminals and their associates infiltrating...

The Action assisting authorities in revising the ML/FT red flag indicators for the financial sector in North Macedonia

01 November 2022 Online

The Action against Economic Crime organized an online meeting with representatives from the supervisory authorities, including the Financial Intelligence Office, the National Bank of the Republic of North Macedonia, the Agency for Supervision of Insurance, the Securities and Exchange Commission...

The Action against Economic Crime supporting the development of a consolidated methodology for off-site supervision for the financial sector in North Macedonia

31 October 2022 Online

As part of the development of a consolidated methodology for off-site supervision over the financial sector, a meeting was organised on 31 October 2022 with the aim to guide the supervisory authorities on the main elements and stages of elaborating the methodology. During the meeting the Council...