Tracking of ML/TF Cases

Administration for the prevention of Money Laundering presented the Guidelines for establishing a consolidated methodology for reporting on and tracking of ML/TF cases.

A large number of activities in the Action Plan for the Implementation of the National Money Laundering Risk Assessment and the National Terrorist Financing Risk Assessment, which have been identified as priorities, relate to the analysis of the situation and data management by relevant stakeholders in the system for the prevention of money laundering and terrorist financing, as well as the need to establish a consolidated methodology for the preparation of reports, uniform reporting forms for money laundering and terrorist financing cases.

For this reason, the Administration for the prevention of Money Laundering organized a workshop for police representatives, in order to raise their level of knowledge of the unique methodology by which the report will be prepared, as well as to monitor cases of money laundering and terrorist financing.

The workshop was held in Zlatibor on January 28, 2020, and Miljko Radisavljević (Republic Public Prosecutor's Office) spoke about the Forms for monitoring money laundering cases, the methods of data delivery, the necessary data and also the software application for monitoring money laundering cases. Jelena Pantelić (Administration for the prevention of Money Laundering) spoke about the data and records necessary for the preparation of statistical reports to monitor the effectiveness and efficiency of the system of combating money laundering and terrorist financing.

The workshop was organized within the framework of the European Union-funded Project Enhancing the quality and efficiency of Suspicious Transactions Reporting (STR) and Administration for the Prevention of Money Laundering (APML) core functions. The beneficiary of the project is the Ministry of Finance - Administration for the prevention of Money Laundering, and the project is implemented by a consortium led by KPMG.

In order to harmonize the practice and avoid any inconsistencies, it is necessary to have unique guidelines that will provide guidance to state institutions on how to keep statistics on money laundering and terrorist financing matters, as well as the data needed to analyze efficiency and effectiveness of the system.

These guidelines align and guide the work of monitoring and reporting on money laundering and terrorist financing cases, as well as recording and sharing data aimed at a uniform treatment and more reliable assessment of the effectiveness of the anti-money laundering and terrorist financing systems and the implementation of the National Risk Assessment.