National Strategy Against Money Laundering and Terrorism Financing

As a result of a consultative process and expert assessment, a decision it was decided that the best option for sustaining the reforms and improving the AML/CFT system would be to adopt a single intersectoral public policy document, i.e. an intersectoral strategy.

The intention of the first national AML/CFT strategy (2008-2013) was to establish a complex and comprehensive AML/CFT system in Serbia in an efficient manner, and the second National AML/CFT Strategy was a logical follow-up, aiming at improving the system’s effectiveness. The second in line National Strategy Against Money Laundering and Terrorism Financing (National AML/CFT Strategy) and the related Action Plan were passed by the Government of the Republic of Serbia on 31 December 2014, both to expire in 2019.

The third in line, i.e. current AML/CFT Strategy will be valid from 2020 to 2024 and it is also national by territorial coverage. It builds on the previous two strategies and aims to further develop the AML/CFT system in Serbia in order to face the risks found by the 2018 National ML/TF Risk Assessment exercise in an effective manner, and in order to adopt measures in line with FATF standards which will effectively achieve the strategic AML/CFT objectives.

International standards and Moneyval recommendations and findings of the 2018 NRA have been taken into account in the development of the Strategy. Account was taken also of other relevant strategic and action documents, such as the Strategy for the Prevention and Fight Against Terrorism for 2017–2021 (Official Gazette, 94/2017) and Action Plans for Serbia-EU Negotiating Chapters 23 and 24. 



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Strategy against Money Laundering and Terrorism Financing 2020-2024

AML/CFT Strategy Action Plan 2020-2022