The anti-money laundering and countering the financing of terrorism (AML/CFT) system in Serbia is a complex system characterised by partnership between the private and public sector and a strong coordination mechanism.
It consists of the obliged entities under the AML/CFT Law, i.e. financial institutions and designated non-financial businesses and professions (DNFBPs), AML/CFT supervisors and law-enforcement authorities handling ML and TF cases.
Non-profit organisations (NPOs) too have an important role, as well as self-regulatory bodies and professional associations of obliged entities, scientific and training institutions.
The AML/CFT system is coordinated by the Coordination Body for the Prevention of Money Laundering and the Financing of Terrorism (AML/CFT Coordination Body). The AML/CFT Coordination Body follows all issues relevant for the AML/CFT system.
To ensure a consistent and coordinated approach in implementing AML/CFT-related measures, Serbian Government passed a national Strategy Against Money Laundering and the Financing Terrorism (2020-2024) and the related Action Plan (2020-2022).
Serbian AML/CFT System (infographic)
Coordination Body for the Prevention of Money Laundering and the Financing of Terrorism (AML/CFT Coordination Body)