Money Laundering Bulletin
Triangulation - three states, one goal
Countries once part of Yugoslavia face a tough challenge in upgrading their anti-money laundering/counter financing of terrorism (AML/CFT) systems to meet international standards. The record of three countries - Serbia, North Macedonia and Bosnia & Herzegovina - shows how remaining outside the European Union, which leaves complete political responsibility for difficult AML/CFT reforms with their national governments, can mean slow progress, this despite all wanting to join the bloc, with AML reform a precondition of membership.Zlatko Čonkaš, in Novi Sad, Serbia and Keith Nuthall check on movement and momentum in the Balkans.
Countries once part of Yugoslavia face a tough challenge in upgrading their anti-money laundering/counter financing of terrorism (AML/CFT) systems to meet international standards. The record of three countries - Serbia, North Macedonia and Bosnia & Herzegovina - shows how remaining outside the European Union, which leaves complete political responsibility for difficult AML/CFT reforms with their national governments, can mean slow progress, this despite all wanting to join the bloc, with AML reform a precondition of membership.Zlatko Čonkaš, in Novi Sad, Serbia and Keith Nuthall check on movement and momentum in the Balkans.