Mihajlovic signs agreement with APML

Serbian Deputy PM and Minister of Construction, Infrastructure and Transport Zorana Mihajlovic and Administration for the Prevention of Money Laundering (APML) acting head Zeljko Radovanovic on Tuesday signed an agreement on cooperation, making Serbia the only country in the region to institutionally regulate the construction sector in this way.

08 Jan 2019 16:52

BELGRADE - Serbian Deputy PM and Minister of Construction, Infrastructure and Transport Zorana Mihajlovic and Administration for the Prevention of Money Laundering (APML) acting head Zeljko Radovanovic on Tuesday signed an agreement on cooperation, making Serbia the only country in the region to institutionally regulate the construction sector in this way.


It also makes Serbia the first country to systematically deal with the problem of "dirty money" being pumped into the sector.


Mihajlovic said the agreement had been signed based on the Serbian government's risk assessments of money laundering and financing of terrorism, which identify the construction sector as potentially risky.


top of page