On 27 November 2020, the project on “Prevention of Money Laundering and Terrorist Financing in Serbia” organized the first Steering Committee meeting in a hybrid format through online and in-person participation of the Committee members. The Project supports the authorities of the Republic of Serbia in addressing the remaining Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) regulatory shortcomings thereby strengthening the country’s AML/CFT prevention and enforcement regime. To this end, the project foresees a number of activities in seven key areas over a three-year implementation period.

The meeting brought together twelve representatives of the project’s beneficiary institutions, among which representatives of the Ministry of Finance, the Ministry of Economy, the Ministry of Trade, the Ministry of Interior, the Administration for Prevention of Money Laundering, the Anti-Corruption Agency, the Office of the Republic Public Prosecutor, the National Bank of Serbia, the Securities Commission, and the Customs Administration, with the representatives of the Council of Europe and the Swedish International Development Agency. At the meeting, the Steering Committee members agreed to the Committee’s terms of reference and endorsed the workplan of the Project.

The Project “Prevention of Money Laundering and Terrorist Financing in Serbia” is funded by Sweden, represented by the Swedish International Development Agency and implemented by the Council of Europe.