Serbia is not on Google’s blacklist, but it is still on this one
Serbia has not been removed from the „black list“ of countries with „systemic deficiencies in fight against terrorism and money laundering of the Inter-state Financial Action Task Force (FATF), even after eight months, the “Insajder” has reported today.
Serbia initially found itself on that list in this year’s February, and despite claims by Government representatives that all FATF recommendations were met in the meantime, the assessment of this body, following revisions in June and now in October, remained the same – Serbia continues to pose a risk to the international financial system.
As “Insajder” reminded, Iraq and Vanuatu have since been removed from the „blacklist“, while Serbia still remains on it, accompanied by Ethiopia, Ghana, Syria, Pakistan, etc.
FATF ended a new progress report on the implementation of recommendations for prevention of money laundering and terrorism in 11 countries with high risk, including Serbia, on October 19th. It stipulates that Serbia has made progress since this year’s February, but it is asserted that all strategic shortcomings in prevention of money laundering and funding of terrorism have not been resolved.
Reminding that top Serbian officials committed themselves to make effort in order to fix these system deficiencies and implement recommendations provided, FATF in its latest report insists on evidence that adopted rules are implemented in practice, according to “Insajder” website.
Serbia should, among other things, begin with implementation of mechanism for prevention of money laundering and battle against funding of terrorism in relation to lawyers, and provide evidence that sanctions in these violations are being implemented.
According to FATF, Serbia should prove that the juridical bodies have timely access to ownership data of companies, which must be adequate, accurate and updated.
Izvor: Beta
Foto: Pixabay
Piše: T. K.
