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 CoE/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 was funded by the European Union via the Structural Reform Support Programme and implemented by the Council of Europe - Economic Crime and Cooperation Division, in cooperation with the European Commission.
Council of Europe Economic Crime and Cooperation Division (ECCD) is currently supporting the Slovak Republic in reviewing its Money Laundering and Terrorist Financing (ML/TF) National Risk Assessment (NRA) report, including the methodological framework and tools it is based on. In order to set...
Workshop on conducting Sectorial Money Laundering and Terrorism Financing Risk Assessment of Virtual Assets and Virtual Assets Service Providers
On the 15th of November of 2021, the Economic Crime and Cooperation Division of the Council of Europe held a full-day online workshop to present and train the participants of nine countries on the recently developed Council of Europe Methodology for the Sectorial Assessment of Money Laundering...
In June 2021, the Council of Europe and the European Commission Directorate General for Structural Reform Support (DG REFORM) have officially launched the implementation of four new joint Actions within the “Support to EU Member States in the implementation of reforms under the Technical Support...
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
Mr Gustavo BONIFACIO VALENTE
Phone: +33 (0)3 90 21 74 18
Fax: +33 (0)3 88 41 39 55
Email: Gustavo.BONIFACIO-VALENTE [at] coe.int