Regulatory Alerts2025-05-26
Decision on Detailed Conditions and Manner of Performing the Supervision of Foreign Exchange Operations of Residents and Non-Residents
The National Bank of Serbia issues this Decision to establish the detailed conditions and procedures for supervising the foreign exchange operations of residents and non-residents. It mandates both off-site monitoring of reports and on-site inspections, granting authorized personnel powers to access premises, request documents, and temporarily seize assets suspected of being linked to illegal activities. The regulation further defines the process for handling supervision reports, allows for entity objections, and outlines enforcement measures including fines and account freezes for non-compliance or obstruction.
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