The Swedish International Development Cooperation Agency and the Council of Europe signed an agreement on the funding of the project “Countering Economic Crime in Serbia” in December 2023. The overall objective of the project Countering Economic Crime in Serbia is to strengthen the main pillars of AML/CFT prevention and enforcement regime in Serbia and update its policies in line with the evolving European and international standards (revised recommendations of the Financial Action Task Force, evolving EU anti-money laundering and asset recovery legislation). The project will achieve these objectives by providing expert advice for improvement of the regulatory and operational frameworks, providing capacity building through trainings including training of trainers, workshops, case mentoring, and development of necessary IT tools aimed at improving the understanding but also the efficiency and effectiveness of the authorities and private sector. 
 
In line with the above the project aims to achieve the following outcomes: 
1.            Enhanced mechanisms for prevention of economic crimes, including corruption and ML/FT, applied by the Serbian authorities and private sector, in line with identified risks and emerging threats;
2.            Improved legal and operational capacities for detection, investigation and sanctioning of corruption, money laundering and terrorism financing;
3.            Asset recovery and asset management systems optimized to ensure swift identification, tracing of illicit proceeds and effective confiscation and disposal of seized and confiscated assets.