The latest Evaluation Report on the Republic of Serbia, adopted by the Council of Europe body MONEYVAL, confirms that Serbia has made significant progress in developing its system to prevent money laundering and terrorist financing, while offering further recommendations to strengthen supervision and make more effective use of financial intelligence.
The report is the result of the sixth round of evaluation, which lasted 20 months beginning in May 2024, and represents a comprehensive assessment of the national system’s compliance with international standards in the fields of money laundering prevention, terrorist financing, and proliferation.
In the section concerning the financial sector, the report notes the existence of a developed institutional framework for licensing, regulation, and supervision of financial institutions. Supervisory authorities demonstrate an understanding of the risks of money laundering and terrorist financing and apply a risk-based approach in planning and conducting supervisory activities. This approach also covers the capital markets segment, which is an integral part of national risk assessments and regulatory policies.
In that context, the activities of the Securities Commission contribute to strengthening the integrity and transparency of the capital market through the application of preventive measures—primarily licensing, granting permits and approvals—conducting supervision, imposing measures, and cooperating with other authorities. The report’s findings confirm that the regulatory framework and supervisory practice in the area of capital markets in the Republic of Serbia are developing in line with international requirements, with ongoing work to improve system effectiveness and preserve the stability of the financial market.