OSCE Mission to Serbia reports on money-laundering

On October 4, 2006, the OSCE (Organization for Security and Co-operation in Europe) held a conference on money laundering in Serbia.

Serbian Finance Minister Mlađan Dinkić suggests anti-money laundering to be a key for the moral stability of a nation. He said that from 145 000 financial transactions greater than EUR 15 000 euros in 2006, 526 were considered to be as questionable transactions. So, judicial system has to be much more effective in processing cases related to money laundering, and training in this sector is very essential as it has not faced such serious cases of money laundering until now.

The report “Money-laundering and Predicate Crime in Serbia 2000-2005“ presented at a conference in Belgrade discusses best practices in the areas in which the Serbian practice should be further enhanced.

The OSCE is the world’s largest regional security organization. Geografically, it covers 56 participants with a very large territory – from Vancouver to Vladivostok. The organization deals with 3 large dimensions of security — the human, the politico-military and the economic-environmental and conducts a variety of activities related to them.

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