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National Strategy against Money Laundering and Terrorism Financing adopted
The Government of the Republic of Serbia adopted at its session held on 31 December 2014 the new National Strategy against Money Laundering and Terrorism Financing. The new Strategy, valid for the next five years, will be focusing on the following four strategic themes: Policy, coordination and cooperation among all stakeholders mitigate the money laundering and terrorism financing risks; Proceeds of crime are prevented from entering the financial and other sectors or are detected and reported by these sectors, if already in the system; Detecting and disrupting money laundering and terrorism financing threats, sanctioning of criminals, and seizure and confiscation of illicit proceeds; and Qualified human resources trained to participate effectively in all the segments of the AML/CFT system and understanding by the public of the roles and plans of the competent authorities.
The National Strategy has taken into account the latest developments in international standards. International standards now require not only technical compliance to standards but the success of an AML/CFT system will be assessed against the effectiveness of their implementation. The National Strategy intends to ensure that the standards (at the legislative and institutional levels) are met but in such a way to achieve effective results.
The Strategy with its accompanying Action Plan can be downloaded here:
Files for download