Serbia and Montenegro: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

December 27, 2005

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Format: Chicago

Serbia and Montenegro: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2005) accessed November 21, 2024

Summary

This Report assesses Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Serbia and Montenegro. The assessment reveals that the AML/CFT regime of Serbia still lacks some essential components. On the repressive side, there is not a specific provision on the financing of terrorism. It is possible to confiscate the proceeds of crime, but it is not possible to confiscate money intended to finance an act of terrorism.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Crime, Money laundering, Terrorism, Terrorism financing

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Authority, CR, Criminal code, Customer, Customer acceptance policy, Customer identification information, Customer identification requirement, Europe, ISCR, Law enforcement authorities, Money laundering, Montenegrin authorities, Procedure, Serbian FIU, Terrorism, Terrorism financing, Yugoslavia

Publication Details

Pages:

21
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/435
Stock No:

1SCGEA2005004
ISBN:

9781451833584
ISSN:

1934-7685

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