business registers

Serbia’s Beneficial Ownership Registry Under Scrutiny

Serbia's beneficial ownership registration framework is facing significant challenges as concerns about its effectiveness and credibility emerge. A recent analysis by the business publication Biznis i finansije has highlighted critical inconsistencies within the Law on the Central Registry of Beneficial Owners, raising doubts about the transparency objectives that regulators initially aimed to achieve. The registry was established in 2018 by the Business Registers Agency (APR) as part of a broader initiative to enhance anti-money laundering measures and financial transparency. Its…