Contributing to Capacity building Targeting Chapters 4 and 32 of the acquis Through a Programme on Fight Against Money Laundering and Terrorism Financing
6-7 February 2024, online
In a concerted effort to bolster the capacities of public servants in the fight against money laundering and terrorism financing in the Western Balkans, ReSPA conducted a comprehensive online capacity-building program. Over 50 civil servants and employees from National Banks across the region participated, gaining invaluable insights into EU-wide regulations, policies, and practices to combat financial crimes.
Led by esteemed program lecturer Yasmine Sadek (international expert), along with distinguished guest speakers David Baker (Financial Services Authority, Isle of Man) and Olivier Attias (Lawyer, August Debouzy Law Firm), participants delved into various facets of the New European Anti Money Laundering Package. Discussions and presentations revolved around emerging trends in money laundering and terrorism financing within the banking and insurance sectors, emphasizing the pivotal roles of Financial Intelligence Units and Prosecution. Additionally, modalities for suppressing these illicit activities were thoroughly examined through practical examples, which were the subject of analysis and discussion.
Participants raised many questions and remarks highlighting the significance of aligning policies and legislation with the EU acquis and harmonizing frameworks in the Western Balkans. Such efforts contribute to regional stability and foster a united front, ultimately enhancing the integration of the Western Balkans with the European Union.
ReSPA reiterated its commitment to supporting capacity-building endeavours, particularly focusing on Negotiation Chapters 4 (Free Movement of Capital) and 32 (Financial Control). By empowering civil servants involved in Clusters 1 and 2 of the Negotiations, ReSPA aims to fortify the region's capabilities in combatting financial crimes and advancing its alignment with EU standards.