PROJECT TITLE:

Project against Economic Crime (PECK III)

OVERALL OBJECTIVE:

Enhanced anti-corruption and AML/CFT practices in Kosovo, in line with applicable European and international standards and good comparative practices 

LOCATION:

Kosovo

SECTOR:

Democracy / Anti-corruption

DURATION:

36 months

VALUE:

2,000,000.00 EUR

IMPLEMENTING AGENCY:

Council of Europe

PROJECT PURPOSES:

Practitioners in Kosovo have developed effective and sustainable capacities for preventing and suppressing corruption, money laundering and terrorist financing; Kosovo authorities effectively implement asset recovery legislation;

BENEFICIARIES:

Financial Intelligence Unit, Kosovo Anti-Corruption Agency, AMSCA, Ministry ofJustice, Ministry of Finance, Kosovo Judicial Council, Kosovo Prosecutorial Concil, Kosovo Police

ACTIVITIES:

Assisting in conducting the Anti corruption National Risk assessment; Further support for the implementation of the whistle-blowers protection Law; Supporting the Labour Inspectorate and KAA regarding the private sector; Supporting in designing the terrorism financing and proliferation financing preventive regimes; Developing of joint CFT mitigating mechanisms to address priority areas related to regional TF risks enabled; Supporting the national authorities for conducting an ML/TF Risk Assessment pursuant to the CoE methodology; Support Kosovo authorities for assessing ML/TF risks in the NPO sector and religious organisations and among virtual asset service providers; Assist FIU for the strategic analysis; Providing procedural guidelines on asset recovery, including the use of extended powers of confiscation; Support on the job training for the investigations in Anti corruption, AML/ CFT and confiscation/sequestration sectors;

RESULTS:

Institutional capacities of anti-corruption stakeholders to effectively implement and coordinate anti-corruption measures are further strengthened; Inter-agency information exchange and cooperation mechanisms are streamlined to ensure effective coordinated measures against economic crime; Anti corruption/ML/TF Risk Assessment published; Capacities to conduct the investigations in AC, AML and CFT enhaced; Effective implementation of the law in AC/AML/CFT Area; Procedural guidelines on asset recovery, confiscation and sequestration enhanced.