In its new report published today, MONEYVAL analyses the implementation by Serbia of international standards on money laundering and terrorist financing since the last evaluation in 2009, and recommends an action plan to address the shortcomings.
MONEYVAL praised the authorities of Serbia for improving legal and institutional framework, but found that Serbia does not fight money laundering and financing of terrorism on a systematic and consistent basis.
MONEYVAL experts commended the authorities for the efforts in investigating one significant money laundering case connected with organised criminality, but have urged them to take immediate action to ensure that law enforcement efforts are fully commensurate with the money laundering risks faced by the country. A clear criminal policy on money laundering investigations and prosecutions should be established, including a centralised database for all the cases and a co-ordinated strategy.
