SERBIA: AML/CFT FOLLOW-UP REPORT – IMPROVEMENTS HAVE LED TO UPGRADED RATING BUT MINOR DEFICIENCIES REMAIN

On 13 December, MONEYVAL released the 4th follow-up report following the original mutual evaluation report (MER) of 2016.  Serbia has made progress to address the technical compliance deficiencies identified in the MER and applicable subsequent follow-up reports.  As a result of this progress, Serbia has been re-rated on FATF Recommendations R.22, 23, 28 and 40.  However, Serbia will remain in enhanced follow-up and will continue to report back to MONEYVAL on progress to strengthen its implementation of AML/CFT measures, and is expected to report back in 2 years’ time. 

https://search.coe.int/directorate_of_communications/Pages/result_details.aspx?ObjectId=0900001680a4db7a

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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