Technical Support Instrument (TSI) Programme - Slovakia
Technical Support Instrument (TSI) Project on: “Enhancing the effectiveness of the anti-money laundering framework in Slovak Republic”
Within the framework of the 2021 Council of Europe/EU Technical Support Instrument (TSI) envelope, the Economic Crime and Cooperation Division is assisting Slovak authorities with enhancing the effectiveness of the AML/CFT regime in line with the Financial Action Force Task (FATF) recommendations and the EU AML/CFT Directives. The project begun on 18 June 2021 and will last for 24 months. Through tailored activities, the project seeks to contribute to:
- Updating the ML/TF National Risk Assessment (NRA);
- Introducing a risk-based approach for virtual assets;
- Enhancing the cooperation among the Financial Intelligence Unit (FIU), law enforcement agencies (LEAs) and supervisors;
- Improving the strategic analytical capacity of the FIU;
- Improving the effectiveness of confiscation measures;
- Developing a methodology for the verification of beneficial owners of legal entities;
- Enhancing the capacities of the supervisory authorities in applying a risk-based approach.
Areas of specific focus include guidance on updating the AML/CFT NRA, conducting sectoral risk assessments and improving the national Action Plan; recommendations for developing requirements for the exchange of information between FIU, LEAs and supervisors, for developing FIU’s strategic analysis function, improving the effectiveness of confiscation measures, etc.
The total project budget is 522,222 Euros. The project is co-funded by the European Union via the Technical Support Instrument and Council of Europe and is and implemented by the Council of Europe (Economic Crime and Cooperation Division), in cooperation with the European Commission.
Slovak authorities and their neighbours discuss how to assess money laundering and terrorism financing risks related to organised crime and cross-border threats
The Council of Europe Economic Crime and Cooperation Division (ECCD) is currently assisting the Slovak Republic with enhancing the effectiveness of its anti-money laundering and countering the financing of terrorism (AML/CFT) regime. It aims to do so for instance by supporting Slovak competent...
Representatives of three EU Member States shared expertise and were provided practical guidance on assessing ML/TF risks related to legal entities
On 28 November 2022, the Council of Europe’s Economic Crime and Cooperation Division (ECCD) organised in collaboration with the European Commission Directorate General for Structural Reform Support (DG REFORM) and the Financial Intelligence Unit of Slovakia a workshop on ML/TF Risk Assessment of...
Regional Workshop “Risk-Based AML/CFT Supervision: Effective Assessment and Mitigation of Emerging Money Laundering/Terrorist Financing Risks”
On 27-28 October 2022, the Council of Europe’s Economic Crime and Cooperation Division, in cooperation with the European Commission Directorate General for Structural Reform Support (DG REFORM) and the Bank of Portugal, held a multi-country Workshop on “Risk-Based AML/CFT Supervision: Effective...
Unit for Eastern and Southeastern Europe (E & SEE)
Head of Unit
M. Evgeni EVGENIEV
Phone: +33 (0)3 88 41 25 11
Fax: +33 (0)3 88 41 39 55
E-mail: Evgeni.EVGENIEV [at] coe.int
Ms Danae ISSA
Phone: +33 (0)3 90 21 22 54
Email: Danae.ISSA [at] coe.int