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Home > Activities > News > Moneyval adopts Serbia’s Progress report

Moneyval adopts Serbia’s Progress report

03-Dec-2012 15:57:35

Council of Europe’s MoneyVal Committee, tasked with anti-money laundering and countering the financing of terrorism (AML/CFT) issues, adopted today, on 3 December 2012, a report on Serbia’s progress in improving its AML/CFT system (Second Third Round Progress Report). Discussion of the progress achieved was a logical follow-up to the ongoing evaluation of the Serbian system conducted by MoneyVal. The 40th MoneyVal Penary agenda included a discussion of the results achieved by Serbia over the past two years. The MoneyVal Secretariat provided to the Plenary a detailed analysis of the most significant FATF recommendations, followed by a question and answer session where Serbia replied to questions asked by The Vatican, which had the role of intervenor country, as well as to questions of other MoneyVal member states’ delegations and MoneyVal’s financial and legal experts. Following the fruitful discussion, MoneyVal consensually adopted the Progress Report on Serbia. The Progress Report will be published on the MoneyVal’s official web pages. In addition to APML’s representatives, the delegation of Serbia included representatives of the National Bank of Serbia, Ministry of the Interior, Ministry of Justice and Public Administration, and the Seized/Confiscated Asset Management Directorate. This is yet another confirmation of successful work of the Serbian delegation, and particularly that of the Administration for the Prevention of Money Laundering, which has proved to be up to the task in actively coordinating the preventive and repressive segments of the AML/CFT system.  


2011 Administration for the Prevention of Money Laundering