Act 2017
Law on the Prevention of Money Laundering and the Financing of Terrorism (consolidated; Official Gazette RS Nos 113/2017, 91/2019, 153/2020, 92/2023, 94/2024 and 19/2025)
Issued by Administration for the Prevention of Money Laundering
Plain-English summary
Sets out the AML/CFT duties of obliged entities: risk analysis, compliance officer and internal controls (Art. 5), customer due diligence (Art. 8) and reporting to the APML (Art. 47). Digital asset service providers are covered and must pass on transfer data (Arts. 15a-15c).
Who it applies to
Banking · Insurance · Capital Markets · Crypto / VDA · DNFBPs (Lawyers, Accountants, Dealers)
Topics
AML / CFT / Sanctions
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| AML compliance officer, internal controls and training | Ongoing | APML | source | |
Art. 5 requires obliged entities to appoint a compliance officer and deputies and give them working conditions, to carry out regular internal control, internal audit where suited to the business, and training. Internal acts are approved by top management. |
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| Customer due diligence (KYC/CDD) | At onboarding + ongoing | APML | source | |
Art. 8(1) requires CDD when establishing a business relationship, for transactions of EUR 15,000 or more (RSD equivalent), for money transfers above EUR 1,000, on suspicion of money laundering or terrorist financing, and where earlier data is doubtful. Art. 8(2) sets EUR 5,000 for currency exchange. |
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| Digital asset transfers: collect and pass on originator and beneficiary data (travel rule) | Deadline With each digital asset transfer | APML | source | |
Art. 15a requires a digital asset service provider to obtain data on all persons involved in a digital asset transaction and pass it to the other provider. Art. 15b requires checks by the beneficiary's provider and Art. 15c deals with missing data, including refusing or suspending the transaction. |
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| No obligations match these filters. | ||||
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