The Central Bank of Montenegro (CBCG) has released a new list of companies with blocked accounts, showing an increase of 71 more blocked companies compared to the previous list.
The updated list, which CBCG publishes monthly in accordance with the Payment Operations Law, includes 20,960 companies from the Central Register of Business Entities (CRPS) and CBCG records. Of the total number of blocked companies, 3,460 are listed in CBCG’s records but do not appear in the CRPS.
According to the Payment Operations Law, CBCG is required to publish data related to the enforcement collection process, including the names of companies or entrepreneurs, their identification numbers, account block amounts, and the number of consecutive days the accounts have been blocked. CBCG clarified that entrepreneurs’ identification numbers are not published because, in the Central Register of Transaction Accounts, they are recorded under the unique identification number (JMB) of the citizen, the disclosure of which is not in compliance with the Personal Data Protection Law.
CBCG publishes this information monthly on its website on the first business day of each month, with a snapshot of the situation as of the last day of the previous month. The data is listed alphabetically by company and entrepreneur names.
Since July 2012, when CBCG started publishing this data, it was initially released based on the previous law, which required publication only for companies or entrepreneurs whose account block exceeded 10,000 EUR and lasted more than 30 days.
Company names are published on the CBCG website, www.cbcg.me, to ensure full impartiality, with the names listed alphabetically.
