The National Assembly of the Republic of Serbia adopted the new Law on Prevention of Money Laundering and Terrorism Financing on 14 December 2017. The entities supervised by the Securities Commission, broker-dealers, authorized banks, custody banks and investment fund management companies are required to come into full compliance with all applicable provisions of this Law.
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The authorized bank Jubanka a.d. Beograd no longer holds a license for performance of activities of an investment firm. The Bank has been  stricken off of the Securities Commission (SEC) Register of Authorized Banks in accordance with the SEC decision adopted at its session convened on 13 December this year.  The decision was adopted following a request filed by the bank for withdrawal of the license on the grounds that it will not be engaged in the activities that require a license for an investment firm.
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In addition to the United Nations Security Council mandatory sanctions lists referring to the identified lists of terrorists, legal and natural persons are required to apply the resolutions of the United Nations Security Council for prevention of financing activities on proliferation of weapons of mass destruction.
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