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2 clusters · 18 sources · 16 days · First seen 18 days ago · Last updated 2 days ago

Montenegro regulatory and financial law updates

Overview

Montenegro has implemented new regulatory measures targeting digital privacy and financial transparency. The Agency for Electronic Communications and Postal Services (EKIP) established fines between 200 and 20,000 euros for companies and mobile operators sending unsolicited advertising via SMS or Viber without explicit consent. To manage these communications, citizens may use the ‘Ne zovi me’ (Do Not Call) electronic register.

In a separate regulatory move, the government proposed amendments to the Law on Current and Capital Transactions to strengthen controls on cross-border transfers. These changes aim to prevent money laundering and terrorism financing by aligning national legislation with EU Regulation 2018/1672.

The draft law requires both residents and non-residents to declare cash being carried when entering or exiting the country. The proposal expands reporting obligations to include funds sent via postal or cargo shipments, requiring senders or recipients to report such transfers to customs authorities within 30 days of a request. The Central Bank of Montenegro will be responsible for prescribing specific cash limits. Proposed penalties for non-compliance include fines of up to 40,000 euros for legal entities and 8,000 euros for individuals.

Entities

European Union · Central Bank of Montenegro · Agency for Protection of Personal Data · Agency for Electronic Communications and Postal Services · Montenegro

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] The Montenegrin government proposed amendments to the Law on Current and Capital Transactions with Foreign Countries. borba.me · tvpljevlja.me · www.sjevercg.me
[● 3 SOURCES] Legal entities face potential fines of up to 40,000 euros for non-declaration of funds. borba.me · tvpljevlja.me · www.sjevercg.me
[● 3 SOURCES] Citizens face potential fines of up to 8,000 euros for non-declaration of funds. borba.me · tvpljevlja.me · www.sjevercg.me
[● 3 SOURCES] The reporting obligation will include funds sent via postal and cargo shipments. borba.me · tvpljevlja.me · www.sjevercg.me
[● 3 SOURCES] The amendments aim to align national legislation with EU Regulation 2018/1672. borba.me · tvpljevlja.me · www.sjevercg.me
[● 3 SOURCES] The goal of the changes is to prevent money laundering and terrorism financing. borba.me · tvpljevlja.me · www.sjevercg.me
[● 3 SOURCES] Shipment-related declarations must be submitted within 30 days of a request from the customs authority. borba.me · tvpljevlja.me · www.sjevercg.me
[● 3 SOURCES] Declarations must be submitted in written or electronic form to the customs administration. borba.me · tvpljevlja.me · www.sjevercg.me

Timeline

2 days ago

[POLITICS] 18 sources
Montenegro proposes new border cash reporting rules and fines
Montenegro is proposing new laws to expand cash reporting requirements at borders to include postal and cargo shipments, with fines up to 40,000 euros for companies.
18 days ago

[TECHNOLOGY] 3 sources
Montenegro imposes fines for unsolicited SMS and Viber advertising
Companies in Montenegro face fines up to 20,000 euros for sending unsolicited SMS or Viber advertisements without explicit user consent.

Sources

aktuelno.me · atvbl.rs · barinfo.me · bizniscg.me · borba.me · dnevnik.ba · fenix-magazin.de · krusevacki.press · lat.sputnikportal.rs · onogost.me · radiobrcko.ba · radiosarajevo.ba · radiosrebrenik.ba · sjevercg.me · srpskainfo.com · tvpljevlja.me · vecernji.ba · zagorje.com

This summary has been updated 1 time: see revision history