New Serbian gambling amendments target AML



In their quest to counter money laundering and improve consumer protection, the Serbia, Latvia and Bulgaria governments have severally introduced regulatory changes at the end of 2019. The National Assembly of the Republic of Serbia voted a new amendment on the country’s law on gambling, an amendment claimed to be an introduction of a better control system. The owners and beneficiaries of licensed gambling firms will be subjected to a new monitoring system aimed at collecting data and information on the management and ownership structure of their companies under the new amendment.