Croatia Among Countries with Lowest Money Laundering Risk

Total Croatia News

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ZAGREB, January 17, 2019 – Finance Minister Zdravko Marić said Thursday that in the international framework, Croatia’s system of preventing money laundering and terrorism has been recognised, which helped Croatia made the list of the top ten countries with the lowest money laundering risk.

According to a report by the Basel-based International Centre for Asset Recovery (ICAR) from October 2018, Croatia recorded additional progress and of the 129 countries covered, it made the list of the top ten countries with the lowest money laundering and terrorism financing risk, the minister said in parliament.

All relevant institutions – the Council of Europe, the United Nations, the European Union, the International Monetary Foundation and the World Bank – have said that Croatia’s model and its prevention system were contemporary and in most parts adjusted with international standards, Marić said, presenting the bill under which true owners of companies in Croatia would enter the enterprise register, which will be available to the public.

The opposition’s Social Democratic Party and MOST party commended the initiative to set up the enterprise register, urging the government to take a step further and remove administrative obstacles to make register browsing easier.

“Let’s take this step forward and show that Croatia is truly a democratic country based on the rule of law… Let’s enable real access to the register,” Peđa Grbin of the SDP said.

More news on the Finance Ministry can be found in the Politics section.


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