Serbian CSOs and media are demanding a response from the Directorate for the Prevention of Money Laundering and Terrorist Financing regarding the Financial Action Task Force (FATF) findings. The FATF found that the Directorate investigated 57 organizations, media and individuals without legal grounds, therefore acting contrary to recommendations and standards of this international body. In a clear and strong statement, FATF responded to Serbia’s state oversight powers, which targeted the financing of terrorism to obtain banking information and transactions of CSOs, investigative journalists, media associations working on human rights. The FATF raised concerns of whether the Republic of Serbia breached Recommendation 29 that outlines the role and responsibilities of the financial intelligence units, such as the Administration for the Prevention of Money Laundering and the Financing of Terrorism. Read more here.
Source: Civic Initiatives/ Global NPO Coalition on FATF/ BCSDN