Podgorica, (MINA-BUSINESS) – Governor of the Central Bank (CBCG) Irena Radovic said that the development of instant payments must be accompanied by strong control and supervisory mechanisms, particularly in the field of preventing financial abuse and safeguarding the stability of the financial system.

Opening a regional workshop, she said that the CBCG was developing a regulatory framework fully aligned with European Union standards and Eurosystem practices, with a focus on system security and reliability, especially in the context of preventing misuse, financial fraud, and strengthening the anti-money laundering framework.

In cooperation with the World Bank and with the support of the European Commission, the CBCG) organized a two-day regional workshop dedicated to banks’ regulatory and operational obligations in the anti-money laundering and countering the financing of terrorism (AML/CFT) and fraud prevention areas, as preparation for introducing the instant payments system through the TIPS Clone project.

“The workshop brought together representatives of the CBCG, the Montenegrin banking sector, and central banks from the region, with the aim of enhancing mechanisms for identifying, monitoring, and managing risks arising from the execution of real-time payments,” the CBCG stated in a press release.

Radovic noted that the CBCG and commercial banks are intensively working on adapting technical and operational solutions to ensure a stable and controlled introduction of the instant payments system, planned for July 2026. 

According to the press release, this will further modernize Montenegro’s payment system and accelerate and complete the country’s practical integration into the European Union’s single payments market.