Financial sector institutions are bound to identify and report suspicious transactions to Financial Intelligence Units (FIUs) according to a set of indicators aimed at prevention of money laundering and terrorist financing. The quality and application of such indicators remains a challenge and it may be necessary to review indicators in order to better address specific risks related to new technologies and prevent and identify online crime proceeds.

In this respect, the iPROCEEDS project has organised a two days assessment mission aiming to gather specific information regarding the existing indicators and red flags for the financial sector institutions used to detect online fraud and money laundering in the online environment, as well as money laundering guidelines for obligators in Kosovo^*1 with the view to review and update indicators for the prevention of online money laundering.

A series of meetings took place on 19-20 June 2017 in Pristina, where Council of Europe experts met competent authorities and financial supervisors that are responsible to take regulatory and supervisory measures relevant to money laundering such as the Financial Intelligence Unit (FIU), Central Bank, the private sector - Banking Association and Internet payment services providers.

The delegation also met cybercrime sector to discuss cybercrime (online fraud) threats, trends and criminal money flows on the Internet in Kosovo*.

• Agenda
• iPROCEEDS project website

^{*1 This designation is without prejudice to positions on status, and is in line with UNSC 1244 and the ICJ Opinion on the Kosovo* Declaration of Independence}