Administration for the Prevention of Money Laundering (APML), Ministry of Finance
Ministry of Interior; Public Prosecutor’s Office of the Republic of Serbia; Ministry of Justice; Supreme Court of Cassation; Judicial Academy; Police Academy; National Bank of Serbia; Securities Commission; Professional Associations; Journalists’ Associations and NGOs.
Economic and organised crime continues to be a serious threat for the national economy of Serbia and to the development of democracy and the rule of law. Organised Criminal Groups (OCGs) are involved in a range of activities that cost Serbia substantial revenue annually. It is estimated that money laundering alone costs the Serbian economy between 3%-5% of GDP every year. Concerning terrorist financing, there have been no criminal reports filed according to the statistics provided and there seem to be no confirmed cases of terrorist financing in Serbia to date. In 2009, MONEYVAL (the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism) Report rated Serbia as compliant with 1 of 40+9 FATF (Financial Action Task Force) recommendations, largely compliant with 21, partially compliant with 21 and con-compliant with 5. The EU 2009 Progress Report on Serbia concluded, among others, that suspicious transactions are only limited to the banking sector, the number investigations and convictions in money laundering cases remained low, the expertise and capacity of the criminal investigators, public prosecutors and judges still need to be improved. The MOLI Serbia project is programmed under IPA 2010 and is designed to address those problems and will serve as a tool for providing and supporting reforms and interventions in the fight against money laundering and countering the financing of terrorism.
The main goal of the Project against Money Laundering and Terrorist Financing in Serbia (MOLI Serbia) is to contribute to democracy and the rule of law through the prevention and control of money laundering, terrorism financing, and other forms of economic and financial crime in Serbia in accordance with European and other international standards. Its purpose is to enhance the capacity of the anti- money laundering and counter-terrorist financing system in Serbia in terms of legislation, skills and operational capacities.
• Ensure that the Serbian AML/CFT system is in greater compliance with the relevant international standards; • Improve the public awareness of the threats of economic crime for the society and the everyday life of the citizens as well as of the necessity for the state to take effective measures to minimise these threats; • Capacity building of the Administration for the Prevention of Money Laundering (APML), law enforcement agencies, prosecutors, judges, financial institutions and other relevant professionals and institutions performing their duties efficiently with regard to the prevention and control of economic crime, money laundering and terrorist financing; • Ensure and enhance the effective interagency co-operation and co-ordination mechanisms; • Support to the increase efficiency of the AML/CTF system by strengthening IT services and tools to collect and analyse financial data.