The new Rulebook on the Methodology for Performing Activities in Accordance with the Law on the Prevention of Money Laundering and Terrorism Financing entered into force on May 9, 2025, and was published in the “Official Gazette of the Republic of Serbia,” No. 42/2025 of May 16, 2025.

In accordance with the newly adopted National Risk Assessment for Money Laundering and Terrorism Financing, as well as the adopted amendments to the Law on the Prevention of Money Laundering and Terrorism Financing from 2024 and 2025, the Securities Commission has adopted updated Guidelines for Risk Assessment of Money Laundering and Terrorism Financing and the Application of the Law on the Prevention of Money Laundering and Terrorism Financing for entities under the Commission’s supervision. These guidelines were developed based on the results of the 2024 National Risk Assessment. Additionally, specific Guidelines for the Central Securities Depository and Clearing House have been adopted, also in line with the 2024 National Risk Assessment.

The adopted amendments to the Law on the Central Register of Ultimate Beneficial Owners introduce new obligations for reporting entities concerning the identification of the ultimate beneficial owner of a legal entity, in accordance with regulations governing the prevention of money laundering and terrorism financing.

Each reporting entity is required, by the date of entry into force of the new law, to obtain information on the ultimate beneficial owner of a client from the Central Register of Ultimate Beneficial Owners and compare it with its own data obtained in accordance with the law. If any discrepancies or missing data in the register are identified, the entity must immediately notify the competent authority — in this case, the Securities Commission.