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The Government of the Republic of Serbia

In the service of citizens

Serbia national leader in assessing risk of money laundering

6 July 2012

Belgrade/Strasbourg, 6 July 2012 –The Directorate for Money Laundering Prevention of the Ministry of Finance stated today that a Serbian delegation is participating in the 39th plenary meeting of the Council of Europe’s Moneyval Committee, held in Strasbourg.

At the invitation of the Committee, Head of the Directorate Aleksandar Vujicic, who also leads the Serbian delegation at the meeting, held a lecture today on Serbia’s achievements in the national risk assessment that is conducted according to the World Bank methodology. Serbia is one of the first countries that got included in the process of national risk assessment of money laundering.

Vujicic spoke about the benefits of implementing such a comprehensive process of collecting and analysing data with the aim of obtaining a detailed insight into condition of the system in our country.

He also pointed to the challenges that await all the states that are required to conduct a national risk assessment.

Moneyval is a committee of the Council of Europe that brings together experts to assess the compliance of Member States with all relevant international standards for combating money laundering and terrorism financing in the areas of legal practice, financial system and the interior, through the process of mutual evaluation of peer members.

Moneyval’s aim is that all Member States have effective systems for combating money laundering and terrorism financing and to comply with the relevant standards in this area.