Presentation of ML Risk Assessment, TF Risk Assessment, ML/TF Risk Assessment in Virtual Assets and VASPs and PF Risk Assessment

According to FATF Recommendations, countries are required to make regular risk assessments of money laundering, terrorism financing and proliferation financing and to update the assessments on a regular basis. The Serbian Government adopted the National Risk Assessment of Money Laundering, National Risk Assessment of Terrorist Financing, Risk Assessment of Money Laundering and Terrorism Financing in Virtual Assets and VASPs and Risk Assessment of Proliferation Financing.

Raising awareness and enhancing risk management is further strengthened through live presentations of the key findings of risk assessments to all relevant stakeholders. They are all obliged to align their professional activities with the latest assessed risks, with the aim of eliminating or diminishing the risks. 

On 29-30 January 2025 the presentation of the findings of all risk assessments was held for the relevant LEAs and supervisory authorities at Zira Hotel in Belgrade, organized by the Council of Europe, which is implementing a SIDA-funded Project on Countering Economic Crime in Serbia.

All the coordinators that participated in developing these policy documents were among presenters, who elaborated on the implementation of the key findings, on threats, ML typologies, sectoral threats, cross-border threats, organized crime and ML, deficiencies    of the AML/CFT regime, the role of financial/DNFBPs supervisors, challenges in preventive actions, STRs, legal persons and arrangements, VASP-related risks, cooperation with prosecutor’s offices, reporting methods, financial products and services risks, NPO risks, role and operational frameworks of NPOs, implementation of TF/PF risks.

The workshop was attended by representatives of all supervisory authorities – National Bank of Serbia, APML, Securities Commission, Administration of Games of Chance, Ministry of Domestic and Foreign Trade, Bar Association of Serbia, Chamber of Notaries, Ministry of Information and Telecommunications; and by LEAs  - Supreme Prosecutor’s Office, Public Prosecutor’s Office for Organized Crime, misdemeanor and commercial courts, Ministry of Interior, Security and Information Agency, Office of National Security Council, Business Registers Agency, etc.