BUSINESS ENTITIES EXPOSURE TO MONEY LAUNDERING AND TERRORISM FINANCING (ML/TF) RISKS

Keywords:
money laundering, terrorism financing, business entity, limited liability company, entrepreneur

Abstract:
The paper will first analyse in detail the structure of companies in the Republic of Serbia. Based on an eighteen-year data set, a comparative analysis of the number, involvement and ownership structure of different forms of companies will be conducted. Then, based on the collected convictions in the field of financial crime, the involvement of certain legal forms in specific cases will be analysed. Small companies often play a key role in money laundering, using fictitious transactions and false documentation to simulate business activities. These entities, frequently controlled by organized crime groups, serve to transfer and integrate illicit funds into the legal financial system. Finally, based on the materiality and exposure of different legal forms, certain conclusions will be made about the special features that make certain legal forms of companies more exposed to money laundering and terrorism financing risk (ML/TF risk), which is the objective of the paper.

CITATION:

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Z. Kaljević, �. Radovanović, S. Radovanović, “Business Entities Exposure to Money Laundering and Terrorism Financing (ML/TF) Risks,” in FINIZ 2025 - The Importance of Business Agility in the Modern Business Environment, Belgrade, Singidunum University, Serbia, 2025, pp. 36-43. doi: 10.15308/finiz-2025-36-43 

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Kaljević, Z., Radovanović, �., Radovanović, S. (2025). Business Entities Exposure to Money Laundering and Terrorism Financing (ML/TF) Risks. Paper presented at FINIZ 2025 - The Importance of Business Agility in the Modern Business Environment. doi:10.15308/finiz-2025-36-43

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