New Serbian Gambling Amendments Target AML

Serbia, Latvia and Bulgaria all introduced regulatory changes at the end of 2019 as the countries seek to improve consumer protection and anti-money laundering (AML) procedures.

The National Assembly of the Republic of Serbia voted on December 23, 2019 to adopt amendments to the country’s law on gambling that are aimed at “introducing a better control system”, according to the country’s gambling regulator, the Ministry of Finance-controlled Games of Chance Administration.

Under the new amendments, the owners and beneficiaries of licensed gambling firms will be subject to a new monitoring system aimed at collecting data and information on the management and ownership structure of their companies.

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