As part of the project “Preventing Money Laundering and Terrorist Financing in Serbia”, in cooperation with the Serbian Securities Commission, a two-day training has been organised in Belgrade to improve the quality of audit controls for auditors and enhance their ability to detect suspicious activities and transactions. The training was designed to provide auditors with the necessary knowledge and skills to identify potential money laundering and terrorist financing activities, as well as to evaluate the effectiveness of existing controls in place to prevent such activities. 

During these two days, 90 representatives of all auditing companies from Serbia, had the opportunity to learn about internal risk assessments, red flag indicators, typologies, customer due diligence as well as to improve their knowledge on international standards in the area of audit quality, while discussing common challenges faced during an audit process.  

The objective of the training was to equip auditors with the tools they need to effectively detect and prevent financial crimes, contributing to the implementation of the Action Plan for the prevention of Money Laundering and Terrorist Financing in Serbia. 

The Project “Preventing Money Laundering and Terrorist Financing in Serbia” is funded by Sweden, represented by the Swedish International Development Agency and implemented by the Council of Europe.