Terrorist Financing Prevention Gets Boost in Serbia and Montenegro

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Strengthening the Fight Against Money Laundering and Terrorist Financing

The Swedish International Development Cooperation Agency (SIDA) and the Council of Europe have signed an agreement to fund a project aimed at preventing money laundering and terrorist financing in Serbia. The “Preventing Money Laundering and Terrorist Financing in Serbia” project aims to address remaining regulatory shortcomings in Serbia’s anti-money laundering and countering the financing of terrorism (AML/CFT) regime.

Project Objectives

The project, launched in December 2019, seeks to develop an effective and sustainable framework for preventing money laundering and terrorist financing. The objectives include:

• Developing primary and secondary legislation, organizational solutions, and specializations designed to enhance compliance and oversight of financial institutions and designated non-financial businesses and professions.
• Strengthening compliance and oversight of AML/CFT financial and designated non-financial business and professions.
• Enhancing non-profit organizations’ terrorist-financing risk management.
• Developing risk-based border controls related to cash and goods smuggling.
• Increasing transparency of beneficial ownership information for legal persons and arrangements.

Project Implementation

The project is being implemented by the Council of Europe’s Unit for Eastern and South-Eastern Europe (E&SEE) and will be led by Programme Manager Ana Selic. The team can be contacted through:

• Email: Ana.Selic@coe.int
• Phone: +381 11 71 555 00

Contact Information

For further information, you can contact the Council of Europe Office in Belgrade at:

• Address: Blue Center, block 26, building B, Spanskih boraca 3, 11070 Belgrade, Serbia
• Phone: +381 11 71 555 00
• Email: Predag.Nikolic@coe.int or Sanja.Raskovic@coe.int

You can also contact the project’s Head of Unit, Evgeni Evgeniev, at:

• Phone: +33 0 3 88 41 25 11
• Fax: +33 0 3 88 41 39 55
• Email: Evgeni.Evgeniev@coe.int