The National Assembly of the Republic of Serbia adopted the new Law on Prevention of Money Laundering and Terrorism Financing on 14 December 2017. The Law was published in the Official Gazette of the RS, No 113/2017 on 17 December 2017 and shall be applied as of 1 April 2018.
As of the day this Law comes into effect, the Law on Prevention of Money Laundering and Terrorism Financing (Official Gazette of RS, No 20/09, 72,09, 91/10 and 139/14) shall be repealed. Furthermore, the National Assembly of Serbia also adopted the Law Amending the Law on the Freezing of Assets for Terrorism Prevention Purposes. The Law was published in the Official Gazette of RS on 17 December 2017. It comes into force on the eighth day following its publication in the Official Gazette of RS.
The entities supervised by the Securities Commission, broker-dealers, authorized banks, custody banks and investment fund management companies are required to come into full compliance with all applicable provisions of this Law.