Serbia's progress in strengthening measures to tackle money laundering and terrorist financing

Publication details

Language

English

Country

MONEYVAL Follow-up Report Serbia - 2021

Filename
MONEYVAL-FUR-Serbia-Dec-2021.pdf
Size
391 KB
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application/pdf
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Serbia's progress in strengthening measures to tackle money laundering and terrorist financing

This follow-up report sets out the progress that Serbia, member of FATF-Style Regional Body MONEYVAL, has made in improving its level of compliance with the FATF standards, since their 2016 mutual evaluation and subsequent follow-up reports.  As a result, the following Recommendations have been re-rated:

Recommendation 22 is re-rated from partially compliant to largely compliant

Recommendation 23 is re-rated from partially compliant to largely compliant

Recommendation 28 is re-rated from partially compliant to largely compliant

Recommendation 40 is re-rated from partially compliant to largely compliant

The report also looks at the country's implementation of new international requirements for virtual asset service providers established in the revised FATF Recommendation 15 has re-rated the country from largely compliant to partially compliant on this Recommendation. 

Serbia is now “compliant” with 5 of the forty FATF Recommendations, “largely compliant” with 34 Recommendations and “partially compliant” with one Recommendation. The country has no “non-compliant” ratings.