The project "EU Support to Serbia in Prevention of Money Laundering", funded by the European Union, has recently organized a number of workshops and other training events with the aim of raising the capacities of the Administration for the Prevention of Money Laundering (APML) in various areas.
More specifically, 8 online workshops about various FATF guidance documents were held in May and June 2020. The focus was on the Guidance for a Risk-Based Approach for the Accounting Profession. The translation of this document and several other FATF publications was provided, with the consent of the FATF, through the Project "EU Support to Serbia in Prevention of Money Laundering in Serbia" thereby supporting the FATF traction and transmission efforts and improving AML/CFT stakeholders’ awareness of international best practices and standards.
In the same period, 8 additional online workshops were organised for APML staff focusing on improving technical knowledge for the use of IT tools that serve to provide a quick overview compliance of the Serbian AML/CFT system with international standards and its effectiveness, which were developed under the Project.
Online training opportunities for other AML/CFT stakeholders are currently being looked at, with the aim of making them also available for certain groups of obliged entities towards the end of 2020.
The main beneficiary of the project "EU Support to Serbia in the Prevention of money laundering in Serbia" is the Ministry of Finance – Administration for the Prevention of Money Laundering, and the project is implemented by a consortium led by KPMG.