Conflicts arise in the Balkans nation as the government has confirmed that it will “enact amendments to Gambling Laws” that will prohibit the use of modern payment systems for gambling.
The controversial amendments contravene EU competition rules by blocking e-banking, IPS, and mobile payment services such as PayPal and Apple Pay.
Controversy surrounds the government of Montenegro’s action plan to strengthen its anti-money-laundering (AML) compliance framework to meet the concerns outlined by MONEYVAL, the financial intelligence monitoring body of the Council of Europe.
Montenegro had been advised to “step up efforts to investigate and effectively prosecute money laundering and strengthen the supervision of high-risk non-financial businesses and professions”.
In response, the Ministry of Finance recommended imposing amendments to Art..