What is the project about?The objective of this two-year project
is to contribute to the efforts of the Republic of Serbia in the prevention
of money laundering and financing of terrorism in accordance with the
recommendations of the Council of Europe Committee of Experts on the
Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism
(MoneyVal) and an inter-governmental body that aims to develop and improve
measures and actions to combat money laundering and financing terrorism at
the national and international level (FATF). |
Goals
The purpose of the Project is to support the implementation of
measures and recommendations of the FATF. In addition, a number of project
activities will focus on increasing the quantity and quality of reporting
suspicious activities, improving financial intelligence and the capacity
of Administration for the Prevention of
Money Laundering (APML), as well as improving the cooperation of the APML with obliged
entities, state authorities and all stakeholders in the system for the prevention
of money laundering and financing of terrorism.
- Sector
-
- Rule of Law
- Public Administration
- EuropeAid reference
- EuropeAid/138350/DH/SER/RS
- Components
-
- Improvement of AML/CFT policy and suspicious activity reporting through interaction with obliged entities, supervisors and other stakeholders
- Improvement of APML’s internal processes and strengthening APML staff competences
- Improvement of cooperation and coordination with Law Enforcement Agencies (LEAs) and investigation capacities
- Enable upgrade of APML ICT System
- City / District
- Belgrade, Serbia
- EU Contribution
- 1,400,000 €
- Implementation period
- November 2018 - November 2020
- Beneficiary
- Ministry of Finance - The Administration for the Prevention of Money Laundering
- Implemented by
- Consortium led by KMPG