Publisher: Bojović & Partners

The latest Newsletter: New law on prevention of money laundering and financing of terrorism

The latest Newsletter: New law on prevention of money laundering and financing of terrorism

The main reasons for adoption of this new piece of legislation which will start to apply from 1 April 2018 are improvement of the existing system and harmonization with the international standards in this area. Below are some of the most significant novelties:

  • Obligation of risk assessment
  • Streamlined procedure for identifying and verifying identity
  • Notification obligation
  • Trust
  • Stricter penalties
  • Harmonization

To read this Newsletter please go here