MONEYVAL welcomes removal of Serbia from FATF "grey list"

The Council of Europe´s anti-money laundering and counter-terrorist financing body MONEYVAL on Monday welcomed the removal of Serbia from the Financial Action Task Force (FATF) "grey list".

24 Jun 2019 13:48

STRASBOURG - The Council of Europe´s anti-money laundering and counter-terrorist financing body MONEYVAL on Monday welcomed the removal of Serbia from the Financial Action Task Force (FATF) "grey list".

MONEYVAL welcomed that FATF "decided at its plenary meeting held in Orlando (USA) from 16 to 21 June that Serbia will no longer be subject to the FATF's monitoring under its ongoing global anti-money laundering and counter-terrorist financing (AML/CFT) compliance process (the so called "grey list")," MONEYVAL said in a statement submitted to Tanjug.

"Serbia will work with MONEYVAL as it continues to further improve and effectively implement its AML/CFT regime. The FATF was satisfied that all strategic AML/CFT deficiencies earlier identified by the FATF and included in an action plan were addressed, implementation has begun and is being sustained, and there is both the high-level political commitment and institutional capacity to continue implementation of the AML/CFT reforms in the future," it said.


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