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MONEYVAL welcomes Serbia´s removal from FATF's "grey list"

Strasbourg 24/06/2019
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MONEYVAL welcomes Serbia´s removal from FATF's

Strasbourg 24.06.2019 – The Council of Europe´s anti money laundering and counter terrorist financing body MONEYVAL today welcomed that the Financial Action Task Force (FATF) decided at its plenary meeting held in Orlando (USA) from 16 to 21 June that Serbia will no longer be subject to the FATF's monitoring under its ongoing global anti-money laundering and counter-terrorist financing (AML/CFT) compliance process (the so called "grey list").

Serbia will work with MONEYVAL as it continues to further improve and effectively implement its AML/CFT regime. The FATF was satisfied that all strategic AML/CFT deficiencies earlier identified by the FATF and included in an action plan were addressed, implementation has begun and is being sustained, and there is both the high-level political commitment and institutional capacity to continue implementation of the AML/CFT reforms in the future.

MONEYVAL's Chair, Daniel Thelesklaf, said: "On behalf of MONEYVAL, I would like to warmly congratulate Serbia for its tremendous progress in a very short time period to improve the effectiveness of its AML/CFT regime. MONEYVAL will continue working with Serbia through its follow-up process to successfully continue to further strengthen this regime."

Outcomes FATF Plenary, 16-21 June 2019