On 30 September 2021 Serbian Government adopted the ML NRA and TF NRA updates, ML and TF Risk Assessment for VA and VASPs, and Risk Assessment for the WMD Proliferation Financing. The risk assessments cover the period of three years (1 January 2018 – 31 December 2020).
Given the relevance of proliferation financing and virtual assets-related issues, this is the first time Serbia did a separate risk assessments for these two areas.
The NRA Working Group comprised representatives of the Republic Public Prosecutor’s Office, Prosecutor’s Office for Organized Crime, Ministry of the Interior, Security-Information Agency, Office of the National Security Council and Classified Information Protection, Ministry of Justice, Adminstration for the Prevention of Money Laundering, National Bank of Serbia and Securities Commission.
The risk assessments were conducted using the World Bank Methodology, methodologies of the Council of Europe and RUSI (Royal United Services Institute for Defence and Security Studies), as well as Serbia’s own methodology, which is based on professional experience and lessons learned from the previous NRA rounds. The work on the risk assessments included hundreds of participants from the public and private sectors, which helped the authorities make an objective examination and analysis of all potential risks.