Evaluation of the performance and efficiency of anti-money laundering policies in the banking industry in the Republic of Serbia

This study attempts to explore in detail the performance of implemented anti-money laundering (AML) policies within the banking industry in the Republic of Serbia through the analysis of relevant literature and credible publicly available data sources in the field of risk management related to money laundering. Based on the results obtained, an assessment of the performance and efficiency of AML policies in banks has been provided. The results suggest that banks have an AML regime aligned with national and international regulations, as supported by the Basel AML Index. Also, this study highlights that financial sector respondents in Serbia recognize the growing risks of money laundering, emphasizing the role of technological innovations, regulatory frameworks, and international organizations, while also noting the increasing use of advanced tools and the need for further training on international regulations and practical case studies.