The International Compliance Association (ICA), the leading professional body for regulatory compliance and fighting against financial crime, has signed a strategic partnership agreement with the Association of Serbian Banks. The agreement was announced by ICA Vice President, Tim Tyler, and Marina Papadakis, ASB Secretary General, on the sidelines of the Compliance Function in Banks Conference, held on Zlatibor, on 29-30 May.
Serbia continues to strengthen its compliance system and regulatory framework through initiatives that align it with global standards. Recent legislative reforms have improved mechanisms for investigating financial crime and corruption, while the Data Protection Strategy (2023-2030) contributes to Serbia's alignment with the General Data Protection Regulation (GDPR).
“This partnership is an important step towards strengthening expertise in the field of compliance with the regulatory framework and the fight against financial crime in Serbia. Through cooperation with the Association of Serbian Banks, we foster a culture of integrity, resilience, and innovation, ensuring that professionals in the region have the knowledge needed to successfully navigate an increasingly complex regulatory environment”, said ICA Vice President, Tim Tyler.
“The development of the compliance function is proving to be one of the most important in the Serbian banking sector. Banks in Serbia not only operate within a detailed and developed national framework, but they are increasingly referring to European legislation and regulations, especially following Serbia's accession to the Single Euro Payments Area (SEPA)”, said Marina Papadakis, Secretary General of the Association of Serbian Banks.
In its training courses, the ICA combines globally recognized practices, case studies and practical education. Since 2001, with the support of the ICA, more than 180,000 professionals around worldwide have been empowered with the knowledge, skills and practice necessary to effectively identify and manage financial crime risks.