Kosovo
Overview
The current AML/CFT legal foundation remains Law No. 05/L-096, supplemented by sector rules, the 2024 beneficial-ownership law and newer crypto-asset legislation/regulation. Pending 2026 amendments are kept separate from effective law.
Law No. 08/L-265, published in November 2024, establishes a dedicated Register of Beneficial Owners, with implementing rules continuing into 2026.
Financial and covered non-financial entities are subject to AML/CFT preventive and suspicious-reporting duties under Law No. 05/L-096 and sector rules. The existing CBK risk-based AML/CFT supervision manual remains part of the mapped evidence chain.
Compliance Calendar2
Requirement
Banking / Credit InstitutionsPayments / EMI / Money Transfer
Financial-institution suspicious transaction report
Authority / Report toFinancial Intelligence Unit of Kosovo (FIU-K)
Deadline / triggerWithin 24 hours from identification as suspicious.
Requirement
- Sector scope
- Banking / Credit InstitutionsPayments / EMI / Money Transfer
- Subject scope
- Banks and financial institutions within the Central Bank of Kosovo AML/CFT regulation.
- Trigger
- An act or transaction is identified as suspicious.
- Filing channel
- Current FIU reporting route prescribed by the AML/CFT framework.
Impact
- Consequences of non-compliance
- Failure to report can lead to AML/CFT and prudential supervisory sanctions; exact penalty depends on the breach/entity.
- Enforcement authority
- FIU-K and Central Bank of Kosovo.
- Operational impact
- Configure case escalation and MLRO review so a final report can be transmitted inside the 24-hour sector deadline.
Requirement
Banking / Credit InstitutionsPayments / EMI / Money Transfer
Financial-institution AML/CFT risk assessment and control framework
Authority / Report toCentral Bank of Kosovo
Deadline / triggerOngoing; maintain and update the institution-level risk assessment and associated controls.
Requirement
- Sector scope
- Banking / Credit InstitutionsPayments / EMI / Money Transfer
- Subject scope
- CBK-supervised financial institutions.
- Trigger
- Ongoing regulated activity and changes in customer/product/geographic/channel risk.
- Filing channel
- Internal governance; available through CBK supervisory process.
Impact
- Consequences of non-compliance
- Deficiencies can lead to CBK supervisory/enforcement measures under banking/financial and AML/CFT rules.
- Enforcement authority
- Central Bank of Kosovo.
- Operational impact
- Use the institutional risk assessment to calibrate CDD, monitoring, staffing, testing and escalation controls.
Authorities & FIU1
FATF Assessment
Measures how fully the jurisdiction has implemented FATF’s technical requirements. It does not measure practical effectiveness.
Measures whether the AML/CFT system achieves its intended results in practice. No jurisdiction-specific effectiveness ratings are asserted where the consolidated dataset has no standalone assessment row.
Regulatory Timeline35
Kosovo’s Assembly published Draft Law No. 11/L-017 amending and supplementing Law No. 05/L-096 on the Prevention of Money Laundering and Combating Terrorist Financing. The Assembly records the draft on 30 September 2026, receipt and distribution on 1 October, and approval at first reading on 5 October 2026. The measure remains a draft; this event does not assert enactment or an effective date.
The Central Bank’s current licensing framework subjects crypto-asset service operators to a formal application/supervisory process.
FATF revised Recommendation 16 to standardise payment information and strengthen fraud/error controls in cross-border payments.
No current direct FATF or regional assessment relationship is recorded in this profile. The GLOBAL milestone is shown only as international context.
FATF Global Network ↗FATF amended Recommendation 1 and related interpretive material to strengthen proportionality and simplified measures under the risk-based approach.
No current direct FATF or regional assessment relationship is recorded in this profile. The GLOBAL milestone is shown only as international context.
FATF Global Network ↗The law establishes the current statutory basis for a dedicated beneficial-ownership register and subsequent implementing measures.
FATF revised Recommendations 4, 30, 31 and 38 and related interpretive material to make asset recovery a stronger operational priority, expand tools to trace and confiscate criminal property and improve domestic and international cooperation.
No current direct FATF or regional assessment relationship is recorded in this profile. The GLOBAL milestone is shown only as international context.
FATF Global Network ↗At its February 2023 Plenary FATF revised Recommendation 25 and its Interpretive Note to strengthen transparency and beneficial-ownership requirements for trusts and similar legal arrangements, complementing the 2022 strengthening of Recommendation 24 for legal persons.
No current direct FATF or regional assessment relationship is recorded in this profile. The GLOBAL milestone is shown only as international context.
FATF Global Network ↗FATF strengthened Recommendation 24 on beneficial ownership transparency for legal persons.
No current direct FATF or regional assessment relationship is recorded in this profile. The GLOBAL milestone is shown only as international context.
FATF Global Network ↗FATF amended Recommendations 1 and 2 and their Interpretive Notes so countries and covered private-sector entities must identify, assess and mitigate risks of breaches, non-implementation or evasion of proliferation-related targeted financial sanctions.
No current direct FATF or regional assessment relationship is recorded in this profile. The GLOBAL milestone is shown only as international context.
FATF Global Network ↗The Basel Committee revised its ML/TF risk-management guidelines to add principles for information exchange and cooperation between prudential and AML/CFT supervisors in authorisation, ongoing supervision and enforcement.
A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.
Basel Committee on Banking Supervision ↗FATF adopted detailed implementation requirements for virtual assets and VASPs in June 2019, including the application of wire-transfer information requirements commonly described as the Travel Rule. This operationalised the virtual-asset perimeter introduced through the 2018 Recommendation 15 revision.
No current direct FATF or regional assessment relationship is recorded in this profile. The GLOBAL milestone is shown only as international context.
FATF Global Network ↗Council of Europe PECK II used an adapted FATF/MONEYVAL assessment methodology for Kosovo. Methodology use is not MONEYVAL jurisdiction membership or participation; Kosovo is not listed in MONEYVAL’s current jurisdiction composition.
In October 2018 FATF revised Recommendation 15 and added the definitions of virtual asset and virtual asset service provider, formally bringing virtual-asset activity into the global AML/CFT standards architecture. Detailed implementation requirements followed in 2019.
No current direct FATF or regional assessment relationship is recorded in this profile. The GLOBAL milestone is shown only as international context.
FATF Global Network ↗The Egmont Group's official Member FIU Information register records Kosovo's FIU admission date as 2017-02-01.
The law remains the central AML/CFT legal anchor pending later amendments and supporting rules.
The Basel Committee issued Sound management of risks related to money laundering and financing of terrorism, superseding its 2001 CDD and 2004 consolidated KYC papers and integrating ML/TF risk management with prudential supervisory expectations.
A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.
Basel Committee on Banking Supervision ↗FATF adopted a consolidated revised set of 40 Recommendations integrating AML, CFT and proliferation-financing safeguards.
No current direct FATF or regional assessment relationship is recorded in this profile. The GLOBAL milestone is shown only as international context.
FATF Global Network ↗Resolution 1737 imposed binding measures concerning Iran’s proliferation-sensitive nuclear activities, including an asset freeze on designated individuals and entities. Together with the DPRK regime, it forms a foundational UN counter-proliferation targeted-financial-sanctions architecture.
This profile is not in the mapped current UN Member State set. Applicability of the Security Council measure must be established from the resolution and the profile’s international/legal status.
UN Charter · Article 25 ↗Following the DPRK nuclear test, Resolution 1718 imposed binding sanctions including an asset freeze on designated persons and entities connected to the nuclear programme. It became a central UN targeted-financial-sanctions pillar for counter-proliferation financing.
This profile is not in the mapped current UN Member State set. Applicability of the Security Council measure must be established from the resolution and the profile’s international/legal status.
UN Charter · Article 25 ↗FATF added a ninth Special Recommendation addressing cash couriers and cross-border movement of currency.
No current direct FATF or regional assessment relationship is recorded in this profile. The GLOBAL milestone is shown only as international context.
FATF Global Network ↗Resolution 1540 requires all States to adopt and enforce laws and domestic controls to prevent non-State actors from acquiring or using weapons of mass destruction and related materials. It forms a binding global legal pillar of the proliferation-financing control environment later reflected in FATF CPF standards.
This profile is not in the mapped current UN Member State set. Applicability of the Security Council measure must be established from the resolution and the profile’s international/legal status.
UN Charter · Article 25 ↗The UN General Assembly adopted the United Nations Convention against Corruption on 31 October 2003. UNCAC addresses prevention of money laundering, laundering of corruption proceeds, confiscation and a dedicated asset-recovery framework; the Convention entered into force globally on 14 December 2005.
This profile is not treated as an independent UN Treaty Collection party. Any treaty relationship requires profile-specific legal evidence.
UN Treaty Collection ↗FATF comprehensively revised its AML/CFT Recommendations, strengthening preventive measures and extending coverage.
No current direct FATF or regional assessment relationship is recorded in this profile. The GLOBAL milestone is shown only as international context.
FATF Global Network ↗The Basel Committee issued Customer due diligence for banks, setting minimum supervisory expectations for customer acceptance, identification, ongoing monitoring and risk management. It became an influential global banking KYC/CDD benchmark and was later reflected in FATF standards.
A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.
Basel Committee on Banking Supervision ↗FATF expanded its standards to terrorist financing through eight Special Recommendations.
No current direct FATF or regional assessment relationship is recorded in this profile. The GLOBAL milestone is shown only as international context.
FATF Global Network ↗Resolution 1373 requires all States to prevent and suppress terrorist financing, criminalise the provision or collection of funds for terrorist acts, freeze terrorist assets without delay and prohibit making funds or financial services available to terrorists and related entities.
This profile is not in the mapped current UN Member State set. Applicability of the Security Council measure must be established from the resolution and the profile’s international/legal status.
UN Charter · Article 25 ↗The Palermo Convention was adopted on 15 November 2000 and broadened the international money-laundering framework beyond drug proceeds through criminalisation and preventive measures tied to transnational organised crime. It entered into force globally on 29 September 2003.
This profile is not treated as an independent UN Treaty Collection party. Any treaty relationship requires profile-specific legal evidence.
UN Treaty Collection ↗The UN General Assembly adopted the International Convention for the Suppression of the Financing of Terrorism on 9 December 1999, creating the treaty framework for criminalising terrorist financing and international cooperation. It entered into force globally on 10 April 2002.
This profile is not treated as an independent UN Treaty Collection party. Any treaty relationship requires profile-specific legal evidence.
UN Treaty Collection ↗Resolution 1267 imposed an assets freeze and other targeted sanctions in the Taliban context and created the Security Council committee that became the foundation of the UN 1267 sanctions architecture. It is a key global precursor to modern terrorist-financing targeted financial sanctions.
This profile is not in the mapped current UN Member State set. Applicability of the Security Council measure must be established from the resolution and the profile’s international/legal status.
UN Charter · Article 25 ↗FATF revised the Forty Recommendations to reflect evolving money-laundering methods and countermeasures.
No current direct FATF or regional assessment relationship is recorded in this profile. The GLOBAL milestone is shown only as international context.
FATF Global Network ↗Representatives of 13 financial intelligence units met in Brussels on 9 June 1995 and founded what became the Egmont Group. The milestone created the operational global network for FIU-to-FIU cooperation and exchange of financial intelligence.
Current profile relationship to the Egmont network. This does not imply membership in 1995; admission history is a separate LOCAL/STATUS fact.
Egmont Group · Member FIUs ↗FATF issued its original Forty Recommendations, establishing the first global AML standard framework.
No current direct FATF or regional assessment relationship is recorded in this profile. The GLOBAL milestone is shown only as international context.
FATF Global Network ↗The G7 established FATF in 1989 to examine and develop measures to combat money laundering. FATF became the central global standard-setting body whose recommendations are implemented through national and regional AML/CFT frameworks.
No current direct FATF or regional assessment relationship is recorded in this profile. The GLOBAL milestone is shown only as international context.
FATF Global Network ↗The Vienna Convention was adopted on 20 December 1988 and created the first treaty-level international obligation to criminalise laundering conduct linked to drug-trafficking proceeds, alongside confiscation and international-cooperation measures. It entered into force globally on 11 November 1990.
This profile is not treated as an independent UN Treaty Collection party. Any treaty relationship requires profile-specific legal evidence.
UN Treaty Collection ↗The Basel Committee published a Statement of Principles for banks aimed at reducing the risk that banking institutions would be used by criminals or as channels for money laundering. This helped establish the preventive and supervisory side of AML alongside the emerging criminal-law framework.
A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.
Basel Committee on Banking Supervision ↗