Obliged entities now include cryptocurrency platforms, real estate brokers, and foreign financial institutions operating in Serbia, broadening regulatory reach. Enhanced international cooperation enables secure data exchange via platforms like the Egmont Group, aligning with FATF and EU standards. Data retention periods are adjusted to five years post-transaction or relationship termination, with stricter documentation requirements. The law also emphasizes digitalization, clarifying rules for digital assets and improving transaction transparency.
These changes aim to boost Serbia’s compliance with global anti-financial crime frameworks, support European integration, and enhance institutional efficiency in detecting suspicious activities. By expanding definitions and fostering cross-border collaboration, Serbia reinforces its commitment to combating money laundering and terrorism financing.
The full article (in Serbian and English) written by Jana Stanojević and Anđela Šever, Associates in the JPM Belgrade office is available here.
