Active from 2021 to 2024, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH supports transparency, financial investigations, and asset recovery to strengthen governance and economic stability. In Kosovo, GIZ collaborates with the Financial Intelligence Unit (FIU-K) to enhance anti-money laundering (AML) efforts, empowering authorities with tools to combat illicit financial activities through innovative platforms like the Sanctions List.
Accessing up-to-date sanctions lists was previously a fragmented and time-consuming process. Financial institutions, businesses, and compliance officers had to rely on multiple sources or manually verify data, increasing the risk of outdated or incomplete information. Without a centralized and user-friendly platform, ensuring compliance with financial regulations was inefficient, leading to potential delays in transaction approvals and legal risks for non-compliance. The lack of a real-time, publicly accessible sanctions list created a need for a more transparent, efficient, and centralized system.
Key features of the platform include:
This sanctions platform has become a vital resource for financial institutions, regulatory bodies, and businesses, providing them with a centralized, transparent, and real-time system to access the most up-to-date sanctions information. It supports compliance, reduces legal risks, and promotes financial accountability across Kosovo and beyond.
