Seminar on Prevention of Terrorism Financing for Financial Institutions

On 3 November 2010 OSCE, APML and Serbian Bankers’ Association organized a seminar on the prevention of terrorist financing for financial institutions

Mr. Jeffrey Breinholt, attorney with the United States Department of Justice National Security Division and for many years Deputy Chief of the Counterterrorism Section and also head of the Department of Justice’s terrorist financing enforcement program, spoke about best practices in prosecuting terrorism financing. The participants – representatives of all commercial banks, Western Union agents and JP PTT Srbija (Public Enterprise for Postal Communications) had the opportunity for the first time to learn of practical cases and a typology, which is a part of a broader presentation that Mr. Breinholt holds for staff of banks in the USA and worldwide. The purpose of the seminar, organized at the moment when a list of indicators for identifying suspicious transactions related to terrorism financing is about to be published, was to provide additional training and help obligors in detecting and reporting suspicious transactions to the Administration, and to support Serbian authorities in counter-terrorism efforts.

Also participating at this seminar were Aleksandar Vujičić, APML Director, Mato Meyer, OSCE Mission to Serbia economic transparency advisor and Silvija Duvančić-Gujaničić, Head of Department for Control of Payment and Exchange Operations, National Bank of Serbia.