Europe and the World Acknowledge Serbia’s Progress: MONEYVAL Assesses the Serbia’s AML/CFT System as One of the Most Effective Globally
The Council of Europe’s MONEYVAL Committee has published a report assessing the effectiveness of Serbia’s anti-money laundering, countering the financing of terrorism and WMD proliferation (AML/CFT/PF) system.
The evaluation was conducted in accordance with the methodology of the Financial Action Task Force (FATF) and it lasted 20 months, starting in May 2024. During this process, Serbia demonstrated significant and tangible progress, with MONEYVAL noting substantial advancements achieved over the past decade.
The assessment focused on the effectiveness of the AML/CFT/PF system and the results achieved in practice, across 11 key areas, i.e. Immediate Outcomes. Based on the results achieved, Serbia received seven positive ratings, placing it among the top 13 countries worldwide that have reached this level of effectiveness.
Such results confirm that Serbia has built a functional and effective system aligned with the international standards, and that the reforms implemented have produced concrete and internationally recognized outcomes in the fight against financial crime.
Information about the report is available on the official website of the Council of Europe’s MONEYVAL Committee, while the full report is publicly accessible through the following link:
