Montenegro (ME)

Jurisdiction Overview

IDQuestionAnswer
360 *Are there criminal sanctions, custodial sentencing or any other statutory sanctions for breaches of banking secrecy? Yes, there are prison terms for disclosing client's banking data to any third party (and possibly fines).
 Data Date: 2017

Notes

 
According to Montenegro's Ministry of Finance, to protect banking secrecy the law determines an imprisonment sentence of three months to five years (TJN Survey-2017).

Sources

http://www.unodc.org/res/cld/document/mne/2003/criminal_code_html/Montenegro_Criminal_Code.pdf
 
TJN Survey-2017; Article 280 from the Criminal Law