News: Serbia is excluded from the "gray lists" high-risk jurisdictions

In early July 2019, FATF transmitted information to the EU that Serbia would be excluded from the register of countries, which fell under the classification as “high-risk jurisdiction”. Due to the fact that many of the requirements put forward to this European country were fulfilled as soon as possible, FATF and justified its decision to change the overall assessment.

The management of the organization congratulated Serbia on achieving a good result in countering threats to money laundering. The regulator also noted an increase in the level of the legislative base, which helped to avoid sanctions and restrictions on the part of the FATF and the EU.

Thanks to this decision, the rating of Serbia as an investment-attractive country will increase. Leaving the “grey list” zone, this allows Serbia to gain access to the registration of not only companies and representative offices, but also the registration of any institution that is engaged in financial activity in order to generate income.

Law and Trust International provides an opportunity to register a company in Serbia. To find out about the cost of registration and its circumstances, please contact our lawyers.