CoE seeking money laundering expert in Serbia

“The Council of Europe is currently implementing a Project on Preventing Money Laundering and Terrorist Financing in Serbia. The project aims at supporting Serbia in addressing systemic deficiencies and difficulties to combating money laundering and financing of terrorism (ML/FT) by focusing on specific segments of the prevention and enforcement system where such issues have been identified,” the tender notice said.

It said that CoE wants to engage an expert to consult on and analyze existing IT capabilities used for financial investigations.

CoE’s MONEYVAL anti-money laundering body said in a mid-December 2021 report that Serbia has improved measures to combat money laundering and terrorist financing, demonstrating significant progress in the level of compliance with the FATF (Financial Action Task Force) standards helping upgrade its status from “partially compliant” to “largely compliant” in four areas related to the activities of designated non-financial businesses and professions, as well as to international co-operation. MONEYVAL warned that Serbia’s rating was downgraded in the field of new technologies.