Serbia leader in the national money laundering risk estimation

Serbia is the leader in the national risk estimation, Aleksandar Vujicic, the director of the Bureau for Anti- Money Laundering, has said today.

On the invitation o the European Expert Committee, Manival, lectured on current achievements in Serbia in the national risk evaluation process carried out in line with the World Bank methodology.

Vujicic was talking about the advantages of the overall data collection and analysis process in order to produce detailed insight of the system in Serbia but he also pointed out the challenges in all countries which are obliged to implements national risk evaluation.

Manival is the Committee of the Council of Europe which gathers experts on the evaluation of anti-money laundering and the financing terrorism in member-states in the field of legal practice, finance system and internal affairs through the process of mutual evaluation of the equal members.

Manival’s objective is that all member-states have efficient systems for the battles against money laundering and against financing terrorism as well as to be aligned with the relevant standards in that area.

As the Ministry of Finance said, the Serbian Delegation in the Manival Committee is continuing its successful activities and Serbia is one of the first countries which started the process of national risk estimation of money laundering.