On 24.12.2022, the INSTITUTE FOR APPLIED RESEARCH FOR BUSINESS from Skopje held the first of a series of trainings in the field of preventing money laundering and terrorist financing on the topic: The register of beneficial owners and the operation of virtual assets through the prism of the fifth directive of the European Union on the prevention of money laundering and financing of terrorism.
The lecturers of the training were Dr. Goce
Trajkovski, a member of the Macedonian delegation in the Committee of
Experts for the Prevention of Money Laundering and Financing of Terrorism in
the Council of Europe, Diana Rikalovska, MA, Rikalovska is a member of the
Association of Certified Anti-Money Laundering Specialists since 2011 year
with CAMS certification, internationally recognized among anti-money
laundering and regulatory compliance specialists and Dr. Gjorgi Slamkov,
university professor and expert in the field of anti-corruption policies and
the rule of law.
During the training, the basic elements of the Fifth
Directive of the European Union on prevention of money laundering and
financing of terrorism, and the implementation were presented of the same in
the national legislation with special reference to the determination of the
rightful owner and the register of rightful owners. The legal aspects of
money laundering and the prevention of terrorism in national legislation
were also shared.
Why is AML/CFT training mandatory in North Macedonia?
The Law on the Prevention of Money Laundering and Financing of Terrorism (Article 5, Article 12(1)(12) and Article 68(14)) defines the entities that must provide their employees with at least two AML/CFT trainings per year: financial institutions and their subsidiaries and branches, accountants, lawyers, notaries and other non-banking entities, and organisers of games of chance.
IARB regularly organises these trainings, online and as tailor-made trainings for individual entities. Participants receive a certificate of participation and the training materials. See our AML/CFT trainings and frequently asked questions.