Kosovo

New Documents

The European Commission adopted its 2022 Enlargement Package, which provides detailed country assessments into nation states that aspire to join the European Union.

The Organization for Security and Co-operation in Europe published a report evaluating Kosovo’s efforts to combat terrorism.

News

Enforcement Actions

0 Items Found


Important Facts

  • The U.S. State Department labels Kosovo as a jurisdiction of concern. Kosovo is not considered a regional financial or offshore center. Kosovo is a transit point for illicit drugs, but proceeds of drug trafficking do not fund the black market of smuggled and pirated items. Illegal proceeds from domestic and foreign criminal activity are generated from official corruption, tax evasion, human trafficking, customs fraud, organized crime, contraband and other types of financial crime. Specifically, official corruption is believed to be a significant problem. Kosovo has a large informal economy. Most of the proceeds from smuggling activity are believed to be laundered directly into the economy in areas such as construction and real estate, retail and commercial entities, banks, financial services, casinos and trading companies.
  • KYC Covered Entities:  Banks; money exchangers and remitters; securities brokers and service providers, portfolio and fund managers; insurance companies; issuers of traveler’s checks, money orders, e-money, and payment cards; political parties; casinos; attorneys, accountants, notaries, and auditors; real estate agents; high-value goods dealers; nongovernmental organizations (NGOs); microfinance institutions; and construction companies
  • STR Covered Entities:  Banks; money exchangers and remitters; securities brokers and service providers, portfolio and fund managers; insurance companies; issuers of traveler’s checks, money orders, e-money, and payment cards; NGOs; political parties; casinos; attorneys, accountants, notaries, and auditors; real estate agents; and high-value goods dealers
  • Enhanced Due Diligence Procedures for PEPs: Foreign: Yes; Domestic: Yes
  • Money Laundering Criminal Prosecutions/Convictions: Prosecutions: 32 (Jan. 1 – Nov. 1, 2015); Convictions: 1 (Jan. 1 – Nov. 1, 2015)
Source: 2016 International Narcotics Control Strategy Report (INCSR)

Rankings

FATF i

Technical Effectiveness
Compliant : 1 High :
Largely Compliant : 3 Substantial :
Partially Compliant : 12 Moderate :
Non-Compliant : 13 Low :

BASEL i

Rank : 114/162
Score : 5.15/10

TRANSPARENCY INTERNATIONAL i

Rank : 104/179
Score : 36/100

Tax Justice Network i

Rank : N/A
Score : N/A