SERBIA: MONEY LAUNDERING AND TERRORIST FINANCING PROBLEMS HINDER EU MEMBERSHIP BID
November 1st, 2011
BY MARK ROWE and ZLATKO CONKAS
THE AMBITION of Serbia to join the European Union (EU) is proving problematic on a number of fronts, with the country's control of money laundering a major hurdle. In February 2010, 50 people were arrested, suspected of using money laundering and tax evasion involving up to USD2.7 million. The accused, claim Serbian police, were allegedly part of a group of company bosses suspected of creating forged sales and services documents that generated "illegal turnover of 4 million euros."
Formal charges have yet to be laid ...
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