New beginnings – Montenegro

Like other countries in the Balkans, Montenegro is anxious to shake off a reputation for financial corruption and political instability and, says Alan Osborn, appears to be doing so with rather more success than some of its neighbours.

Recent history

As always in this part of the world, reliable official statistics are not always easy to come by, nor are they always accurate or up-to-date. But a survey of opinion by MLB among those involved in the fight against money laundering leaves one with a clear impression of a country newly born from the chaos of recent years and gearing up to take its place among the major organisations of Europe, and eventually perhaps the European Union (EU). Certainly, where anti-money laundering legislation is concerned, Montenegro appears to be ahead of the game.