Integration of Serbia into international money laundering prevention system

Abstract

Money laundering is a global phenomenon that seriously undermines international and national economies. This paper deals with the integration of the Republic of Serbia into international trends of money laundering by analyzing the money laundering process, global and national regulations applied in the fight against money laundering. The fight against money laundering must have a systemic character and therefore we are also studying the system of combating money laundering in the Republic of Serbia. The objective of the paper is to examine the objective basis for proposing relevant strategic and operational modes that would improve the legal and institutional capacity of state authorities and taxpayers in the application of the Law on Prevention of Money Laundering in order to achieve a higher level of protection and prevention of the flows of illegal money. Identifying the key risks of money laundering in the Republic of Serbia is a precondition for harmonizing the priorities of the Republic of Serbia with the priorities of the European Union in the field of combating money laundering.

Keywords

• money laundering
• suspicious transactions
• indicators
• crime
• risk