Serbia's Finance Minister Sinisa Mali said on Thursday his country fulfilled the Working Group of the Financial Action Task Force (FATF) recommendations and that it was among a few states that had complied that well, the FoNet news agency reported.
He added that the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism Moneyval had published its third report about Serbia's progress in which it upgraded the country from 'partially adjusted' to 'adjusted.'
"Our country has timely and even before the deadline fulfilled its international obligations, and with such a dynamic of meeting duties to Moneyval, it now has joined the narrow circle of states which have adjusted to the FATF recommendation to the highest level," Mali said.
He said that some of the recommendations regarding the already adopted laws would be measured in 2021.
Mali added that much was expected from the adoption of the Law on Preventing Money Laundering and Financing terrorism which was soon to be on the Government agenda most probably next month.
Serbia was taken off the so-called FATF blacklistlast June, after spending over a year on it as an assessed risk to the international financial system.
He said the harmonisation of the legal system with that of the EU would contribute to Serbia's place on the investment map.
"I expect the investment rating for Serbia by the end of the year. The criteria for that include the legal safety of investments, political stability, continuous commitment to improvement, Mali said.