|
Sanctions:
As a member of the EU, the country is party to all EU Sanctions
as well as UN sanctions.
The European Union adopted Council Regulation (EC) No
1295/98 on 22 June 1998. The Regulation provided, among other
matters, for a freeze on the funds of the Governments of the
Federal Republic of Yugoslavia (FRY) and the Republic of Serbia.
The restrictive measures were subsequently modified to include a
ban on investment in the FRY and the Republic of Serbia.
Council Regulation (EC) No 2488/2000 lifted the investment ban
and the financial sanctions in respect of the FRY and the Republic
of Serbia. However, specific sanctions still applied to former
President Slobodan Milosevic and those persons associated with
him.
Commission Regulation (EC) No 1205/2001 modified the financial
sanctions to cover only those funds belonging to Mr Slobodan
Milosevic, and certain members of his family and other close
associates. The Regulation had the effect of amending the list of
persons in Annex I of Council Regulation (EC) No 2488/2000 to
whom the financial sanctions apply.
For further information:
http://www.hm-treasury.gov.uk/fin_sanctions_yugoslavia.htm
____________________________________________________
Offshore Jurisdiction Blacklists:
Information unavailable.
____________________________________________________
US State Department Money Laundering Report - 2011:
Slovenia is neither a regional financial center nor a major drug
producer, but is a transit country for drugs moving via the Balkan
route to Western Europe. The Government of Slovenia (GOS) is
aware that Slovenia’s geographic position makes it an attractive
potential transit country for drug smugglers, and it continues to
pursue active counternarcotics policies. Other predicate offenses
of concern include business and tax fraud.
DO FINANCIAL INSTITUTIONS ENGAGE IN CURRENCY
TRANSACTIONS RELATED TO INTERNATIONAL NARCOTICS
TRAFFICKING THAT INCLUDE SIGNIFICANT AMOUNTS OF US
CURRENCY; CURRENCY DERIVED FROM ILLEGAL SALES IN
THE U.S.; OR THAT OTHERWISE SIGNIFICANTLY AFFECT THE
U.S.: NO
CRIMINALIZATION OF MONEY LAUNDERING:
“All serious crimes” approach or “list” approach to predicate
crimes: All serious crimes
Legal persons covered: criminally: YES civilly: YES
CRIMINALIZATION OF TERRORIST FINANCING:
Ability to freeze terrorist assets without delay: YES
UN lists of designated terrorists or terrorist entities distributed to
financial institutions: YES
(Please refer to the Department of State’s Country Reports on
Terrorism, which can be found here: http://www.state.
gov/s/ct/rls/crt/)
KNOW-YOUR-CUSTOMER RULES:
Covered entities: Banks, agricultural credit institutions, lawyers,
money changers, notaries, gaming centers, securities dealers
Enhanced due diligence procedures for PEPs: Foreign: YES
Domestic: YES
SUSPICIOUS TRANSACTION REPORTING REQUIREMENTS:
Covered entities: Banks, agricultural credit institutions, lawyers,
money changers, notaries, gaming centers, securities dealers
Number of STRs received and time frame: 184 during 2010
Number of CTRs received and time frame: 220 during 2010
MONEY LAUNDERING CRIMINAL
PROSECUTIONS/CONVICTIONS:
Prosecutions: 35 -- January-June 2010
Convictions: Two -- January-June 2010
Assets forfeited: criminally: 1.5 million euros (approximately $1.92
million) – time frame not available civilly: 0
RECORDS EXCHANGE MECHANISM:
With U.S.: YES
With other governments/jurisdictions: YES
Slovenia is a member of MONEYVAL, a Financial Action Task
Force (FATF)-style regional body. Its most recent mutual
evaluation can be found here: http://www.coe.
int/t/dghl/monitoring/moneyval/Countries/Slovenia_en.asp
ENFORCEMENT AND IMPLEMENTATION ISSUES AND
COMMENTS:
There are no major deficiencies in key preventive standards.
Weak supervision and lack of guidance to certain non-banking
sectors have an impact on the effectiveness of the Government of
Slovenia’s (GOS) anti-money laundering/counter-terrorist
financing (AML/CFT) regime.
The GOS should continue to enhance its AML/CFT legislation and
procedures as appropriate. The GOS should immobilize company
bearer shares. Despite prohibiting the establishment of new
anonymous accounts, Slovenia has not taken action against the
3,000 anonymous bank accounts in existence. The GOS should
convert these anonymous accounts, given the risk they pose to
Slovenia’s AML/CFT regime.
____________________________________________________
US State Dept Narcotics Report 2011 (introduction):
No report available
____________________________________________________
US State Dept Trafficking in Persons Report 2011
(introduction):
(Tier 1)
Slovenia is a transit and destination country, and to a lesser
extent, a source country for women and children subjected to
forced labor and sex trafficking. Women and children are
subjected to sex trafficking and men, women, and children to
forced labor in Slovenia. Victims of labor exploitation in Slovenia
come from Ukraine, Romania, Serbia, and Bosnia and
Herzegovina; sometimes these persons migrate through Slovenia
to Italy and Germany, where they are subsequently subjected to
forced labor. Women and children from Slovenia, as well as
Ukraine, Moldova, Bulgaria, Romania, Slovakia, the Czech
Republic, Hungary, the Dominican Republic, Thailand, Iran,
Ghana, Morocco, Afghanistan, and Cuba are subjected to forced
prostitution in Slovenia and also transit through Slovenia to
Western Europe (mainly Italy and Germany), where they face the
same form of exploitation.
The Government of Slovenia fully complies with the minimum
standards for combating trafficking in persons. The government
demonstrated strong prevention efforts, producing excellent
analysis of the country’s anti-trafficking weaknesses and
developing new work plans to address those challenges. The
government sustained its law enforcement efforts from the prior
year. The Slovenian government again sustained the funding
allocated for victim protection this year, although the number of
victims identified by government authorities again decreased.
There were also allegations that the protection for child victims of
trafficking was inadequate and left children at risk of being re-
trafficked.
For full report click here
____________________________________________________
US State Dept Terrorism Report 2009
Slovenia is generally assessed as a low-threat country for
terrorism and terrorist activity. The National Security Council,
chaired by the president and including the defense, interior,
justice, foreign affairs, and finance ministers, is the main body for
counterterrorism policy. In the case of a terrorist incident, the NSC’
s secretariat, led by the prime minister’s national security advisor,
would lead the inter-ministerial working group tasked with a
response, with subgroups focusing on specific threats. In 2005,
the MOI and Slovene Police developed a response plan for a
terrorist attack using weapons of mass destruction. Slovenia’s
national policy also has plans in place to assess threat levels and
specific guidelines on measures police officers are to take based
on the corresponding threat level. According to the MOI, Slovenia’
s counterterrorism plans follow EU security standards.
The Government of Slovenia actively participated in multilateral
terrorism efforts, including the Global Initiative to Combat Nuclear
Terrorism. The U.S. Office for Defense Cooperation facilitated
counterterrorism training for officials from various Slovene
ministries, which included regional conferences and Marshall
Center seminars. In fall 2009, Slovenia’s Ministry of Defense
announced that it would host a regional counterterrorism
conference in March 2010. Slovenia contributed 81 troops to the
International Security Assistance Force in Afghanistan, including
15 sent specifically for security during the August 2009
presidential elections.
As a member of the EU, the country is party to all EU Sanctions
as well as UN sanctions.
The European Union adopted Council Regulation (EC) No
1295/98 on 22 June 1998. The Regulation provided, among other
matters, for a freeze on the funds of the Governments of the
Federal Republic of Yugoslavia (FRY) and the Republic of Serbia.
The restrictive measures were subsequently modified to include a
ban on investment in the FRY and the Republic of Serbia.
Council Regulation (EC) No 2488/2000 lifted the investment ban
and the financial sanctions in respect of the FRY and the Republic
of Serbia. However, specific sanctions still applied to former
President Slobodan Milosevic and those persons associated with
him.
Commission Regulation (EC) No 1205/2001 modified the financial
sanctions to cover only those funds belonging to Mr Slobodan
Milosevic, and certain members of his family and other close
associates. The Regulation had the effect of amending the list of
persons in Annex I of Council Regulation (EC) No 2488/2000 to
whom the financial sanctions apply.
For further information:
http://www.hm-treasury.gov.uk/fin_sanctions_yugoslavia.htm
____________________________________________________
Offshore Jurisdiction Blacklists:
Information unavailable.
____________________________________________________
US State Department Money Laundering Report - 2011:
Slovenia is neither a regional financial center nor a major drug
producer, but is a transit country for drugs moving via the Balkan
route to Western Europe. The Government of Slovenia (GOS) is
aware that Slovenia’s geographic position makes it an attractive
potential transit country for drug smugglers, and it continues to
pursue active counternarcotics policies. Other predicate offenses
of concern include business and tax fraud.
DO FINANCIAL INSTITUTIONS ENGAGE IN CURRENCY
TRANSACTIONS RELATED TO INTERNATIONAL NARCOTICS
TRAFFICKING THAT INCLUDE SIGNIFICANT AMOUNTS OF US
CURRENCY; CURRENCY DERIVED FROM ILLEGAL SALES IN
THE U.S.; OR THAT OTHERWISE SIGNIFICANTLY AFFECT THE
U.S.: NO
CRIMINALIZATION OF MONEY LAUNDERING:
“All serious crimes” approach or “list” approach to predicate
crimes: All serious crimes
Legal persons covered: criminally: YES civilly: YES
CRIMINALIZATION OF TERRORIST FINANCING:
Ability to freeze terrorist assets without delay: YES
UN lists of designated terrorists or terrorist entities distributed to
financial institutions: YES
(Please refer to the Department of State’s Country Reports on
Terrorism, which can be found here: http://www.state.
gov/s/ct/rls/crt/)
KNOW-YOUR-CUSTOMER RULES:
Covered entities: Banks, agricultural credit institutions, lawyers,
money changers, notaries, gaming centers, securities dealers
Enhanced due diligence procedures for PEPs: Foreign: YES
Domestic: YES
SUSPICIOUS TRANSACTION REPORTING REQUIREMENTS:
Covered entities: Banks, agricultural credit institutions, lawyers,
money changers, notaries, gaming centers, securities dealers
Number of STRs received and time frame: 184 during 2010
Number of CTRs received and time frame: 220 during 2010
MONEY LAUNDERING CRIMINAL
PROSECUTIONS/CONVICTIONS:
Prosecutions: 35 -- January-June 2010
Convictions: Two -- January-June 2010
Assets forfeited: criminally: 1.5 million euros (approximately $1.92
million) – time frame not available civilly: 0
RECORDS EXCHANGE MECHANISM:
With U.S.: YES
With other governments/jurisdictions: YES
Slovenia is a member of MONEYVAL, a Financial Action Task
Force (FATF)-style regional body. Its most recent mutual
evaluation can be found here: http://www.coe.
int/t/dghl/monitoring/moneyval/Countries/Slovenia_en.asp
ENFORCEMENT AND IMPLEMENTATION ISSUES AND
COMMENTS:
There are no major deficiencies in key preventive standards.
Weak supervision and lack of guidance to certain non-banking
sectors have an impact on the effectiveness of the Government of
Slovenia’s (GOS) anti-money laundering/counter-terrorist
financing (AML/CFT) regime.
The GOS should continue to enhance its AML/CFT legislation and
procedures as appropriate. The GOS should immobilize company
bearer shares. Despite prohibiting the establishment of new
anonymous accounts, Slovenia has not taken action against the
3,000 anonymous bank accounts in existence. The GOS should
convert these anonymous accounts, given the risk they pose to
Slovenia’s AML/CFT regime.
____________________________________________________
US State Dept Narcotics Report 2011 (introduction):
No report available
____________________________________________________
US State Dept Trafficking in Persons Report 2011
(introduction):
(Tier 1)
Slovenia is a transit and destination country, and to a lesser
extent, a source country for women and children subjected to
forced labor and sex trafficking. Women and children are
subjected to sex trafficking and men, women, and children to
forced labor in Slovenia. Victims of labor exploitation in Slovenia
come from Ukraine, Romania, Serbia, and Bosnia and
Herzegovina; sometimes these persons migrate through Slovenia
to Italy and Germany, where they are subsequently subjected to
forced labor. Women and children from Slovenia, as well as
Ukraine, Moldova, Bulgaria, Romania, Slovakia, the Czech
Republic, Hungary, the Dominican Republic, Thailand, Iran,
Ghana, Morocco, Afghanistan, and Cuba are subjected to forced
prostitution in Slovenia and also transit through Slovenia to
Western Europe (mainly Italy and Germany), where they face the
same form of exploitation.
The Government of Slovenia fully complies with the minimum
standards for combating trafficking in persons. The government
demonstrated strong prevention efforts, producing excellent
analysis of the country’s anti-trafficking weaknesses and
developing new work plans to address those challenges. The
government sustained its law enforcement efforts from the prior
year. The Slovenian government again sustained the funding
allocated for victim protection this year, although the number of
victims identified by government authorities again decreased.
There were also allegations that the protection for child victims of
trafficking was inadequate and left children at risk of being re-
trafficked.
For full report click here
____________________________________________________
US State Dept Terrorism Report 2009
Slovenia is generally assessed as a low-threat country for
terrorism and terrorist activity. The National Security Council,
chaired by the president and including the defense, interior,
justice, foreign affairs, and finance ministers, is the main body for
counterterrorism policy. In the case of a terrorist incident, the NSC’
s secretariat, led by the prime minister’s national security advisor,
would lead the inter-ministerial working group tasked with a
response, with subgroups focusing on specific threats. In 2005,
the MOI and Slovene Police developed a response plan for a
terrorist attack using weapons of mass destruction. Slovenia’s
national policy also has plans in place to assess threat levels and
specific guidelines on measures police officers are to take based
on the corresponding threat level. According to the MOI, Slovenia’
s counterterrorism plans follow EU security standards.
The Government of Slovenia actively participated in multilateral
terrorism efforts, including the Global Initiative to Combat Nuclear
Terrorism. The U.S. Office for Defense Cooperation facilitated
counterterrorism training for officials from various Slovene
ministries, which included regional conferences and Marshall
Center seminars. In fall 2009, Slovenia’s Ministry of Defense
announced that it would host a regional counterterrorism
conference in March 2010. Slovenia contributed 81 troops to the
International Security Assistance Force in Afghanistan, including
15 sent specifically for security during the August 2009
presidential elections.
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| Further Tables |
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*Please note that FATF deems that a country has significant aml deficiencies if
any of the 'Core' Recommendations, R1, R5, R10, R13, SRII, or SRIV are rated
either Partially of Non-Compliant. These are marked in red.
For FATF to remove a country from the regular follow-up process, it has to be rated
Compliant or Largely Compliant in the above mentioned Core Recommendations
and the following Key Recommendations: -
R3, R4, R23, R26, R35, R36, R40, SRI, SRIII, SRV
Please also note that any risk assessment should take into consideration all
follow-up reports.
any of the 'Core' Recommendations, R1, R5, R10, R13, SRII, or SRIV are rated
either Partially of Non-Compliant. These are marked in red.
For FATF to remove a country from the regular follow-up process, it has to be rated
Compliant or Largely Compliant in the above mentioned Core Recommendations
and the following Key Recommendations: -
R3, R4, R23, R26, R35, R36, R40, SRI, SRIII, SRV
Please also note that any risk assessment should take into consideration all
follow-up reports.
| SLOVENIA |
| KnowYourCountry |
|
_________________________________________________________
AML News Updates / Relevant Information
June 15, 2011 - Recent statement on the economy extracted from IMF
report: -
Read Statement (internal link)
Links:
Worldwide AML Legislation (International Bar Association)
AML News Updates / Relevant Information
June 15, 2011 - Recent statement on the economy extracted from IMF
report: -
Read Statement (internal link)
Links:
Worldwide AML Legislation (International Bar Association)
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| Last Updated: 16 April 2012 |