Agreement signed aiming to solve the problem of dirty money in construction

Deputy Prime Minister and Minister of Construction, Transport and Infrastructure Zorana Mihajlovic signed an agreement on cooperation with the acting director of the Administration for the Prevention of Money Laundering today, which, as she pointed out, will systematically address the problem of dirty money in the construction sector, the ministry announced.

Mihajlovic said that the agreement had been signed based of the government’s “Assessment of the Risk of Money Laundering and Assessment of the Risk of Financing Terrorism” which targets construction as one of the potentially vulnerable sectors.

– This agreement is very important for the Ministry of Construction, especially keeping in mind that the document adopted by the Government of Serbia last year emphasizes that dirty money is put in the real estate sector primarily through investments in the construction of residential-office facilities and the purchase of real estate – Mihajlovic said.

As said in the press release, this agreement makes Serbia the only country in the region to institutionally regulate this field.

Mihajlovic also adds that the ministry has informed and filed reports to the Administration for the Prevention of Money Laundering and the prosecutor’s office before.

Ministarstvo građevinarstva, saobraćaja i infrastrukture Republike Srbije

Uprava za sprečavanje pranja novca Beograd

Ministry of Construction Transport and Infrastructure

Administration for the Prevention of Money Laundering

Zeljko Radovanovic

Zorana Mihajlovic

money laundering in construction