The European Union and Council of Europe joint Action against Economic Crime in North Macedonia is advancing its support to the public authorities in conducting the national money laundering and financing of terrorism risk assessment (NRA) since September 2023.

In this context, the Action brought together over 50 representatives from the public and private sector on 5-7 June 2024 in Ohrid, North Macedonia, to jointly analyse the gathered data related to money laundering, financing of terrorism and proliferation and work together in the preparation of reports for separate modules of the methodology. The Action is assisting the process by providing expertise and guidance for analysing the collected data and drawing conclusions. As the next step, support to the working groups in consolidating the first draft NRA report will be provided.

The national money laundering and terrorist financing risk assessment is crucial for North Macedonia as it aims to improve the understanding of the authorities and private sector participants of money laundering and terrorist financing threats and vulnerabilities. This will help the process of allocating their resources to their respective supervisory, enforcement and compliance efforts more efficiently. Ultimately, the implementation of effective anti-money laundering and countering financing of the terrorism measures, informed by the NRA results, help safeguard the economy, enhance domestic security, ensure compliance with international standards, and boost investor confidence. It plays a vital role in combating financial crimes.

The support to the public authorities in the process of conducting the risk assessment was launched in September 2023, in a workshop bringing together the public authorities and private sector representatives to update them on the applied methodology for conducting the national risk assessment, and to guide them through the process of data collection and analysis.

As the NRA process progresses, the Action against Economic Crime in North Macedonia continues supporting national authorities by providing advice in analysing the collected data and drafting of the report. 


This activity was organised by the “Action against economic crime in North Macedonia”, within the framework of the “Horizontal Facility for the Western Balkans and Türkiye” programme co-funded by the European Union and the Council of Europe and implemented by the Council of Europe.