According to the annual report of the Administration for the Prevention of Money Laundering.
The construction industry is no longer the most popular form of money laundering – cryptocurrencies are.
In the last annual report of the administration, in the chapters devoted to the types of money laundering and trends, there is no mention of the activities of construction and rental of real estate, compared to the years 2016, 2017, 2018, 2019 and 2020. In previous reports, the Administration had expressed concern about the tendency to invest money of unknown origin (including that generated by organized crime or individual criminals) in the construction of real estate.
Instead, this year’s report cites the misuse of payment platforms as a common type of money laundering, with the aim of concealing the true origin of the money. The report also highlights the link between the individuals making the transfers, finding that computer-related services are very often used to conceal illegally acquired money.
Money of illegal origin is transferred in large quantities from the account of a legal person abroad on the basis of the provision of IT services for the benefit of legal persons in Serbia. Legal entities in Serbia then pay out these funds to individuals in the form of salaries. Individuals keep some for themselves and pay most of it in cash to the people behind these projects, the report explains. Other types of money laundering also include the sale and purchase of motor vehicles, i.e. used cars.
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