Representatives of the Serbian Business Registers Agency, together with representatives of the Ministry of Economy and the Administration for the Prevention of Money Laundering, within the scope of the project "Prevention of Money Laundering and Terrorist Financing in Serbia", which is supported by the Swedish International Development Cooperation Agency and administered by the Belgrade Office of the Council of Europe, were on a study visit to the Register of Beneficial Owners of the Republic of Malta, from 5-8 September 2022.
Within the framework of this visit to Malta, i.e. the Malta Business Registry, the Serbian delegation gained detailed insight into their Register of Beneficial Owners, as well as into the operations of the Financial Intelligence Unit of Malta, all with the aim of improving domestic legislation and recording of beneficial owners.
The SBRA’s Central Records of Beneficial Owners was established on 31 December 2018, and at the moment, 89 percent of all registered entities that have a legal obligation to electronically record their beneficial owners are recorded in the central, electronic database.