Economist Dejan Soskic said that the fact that Serbia is on the 46th place in the Basel index is not a good sign, because it means that it is among the countries with a high risk of money laundering and terrorist financing.
“In addition, we have better positioned countries with significantly disrupted institutional environment such as Ukraine, Belarus and Moldova. Bearing in mind that as the only European country in 2018 and 2019 we were already on the black list of the FATF, an international organization that “It is difficult to get rid of the impression that Serbia is still considered a very risky country on this issue,” Soskic told the Vojvodina portal VOICE.
The Basel Anti-Money Laundering (AML) index measures the risk of money laundering and terrorist financing around the world.
As stated in the report, the problem is not in the laws and regulations of Serbia, which, according to recent estimates of the Working Group for Financial Action (FATF), are quite well developed, but in their implementation.
“In other words, laws on the prevention of money laundering and terrorist financing in theory exist in Serbia, but they are not effective in practice,” VOICE writes.
The recommendation is that Serbia strengthens its resilience in the mentioned areas by more effectively implementing existing laws and regulations, then by taking measures to fight corruption and increasing the independence of the judiciary and other public institutions, the report said.
The executive director of the Bureau for Social Research (BIRODI), Zoran Gavrilović, told VOICE that this finding speaks of a relatively high probability of abuse, including corruption.
“Serbia can improve its score by improving the rule of law, the integrity of institutions and a free public. These are basic conditions. In addition, it is necessary to improve the integrity, capacity and results of those bodies working to fight corruption. Is that possible?” it is up to us as a society to oppose the mechanism of personal power that survives thanks to systemic corruption, “Gavrilovic said.