MONEY LAUNDERING IN THE AGRICULTURAL SECTOR

The agricultural sector represents an important component of the national economy in many countries and, due to its structural characteristics, high proportion of cash transactions, and relatively weak control over the flow of goods and finances, is often considered a suitable channel for the concealment of illicitly acquired funds. Money laundering through agriculture has been documented in several countries, particularly in those with high levels of state subsidies or insuficient regulatory oversight. Within the European Union, several cases have revealed the direct involvement of organized crime in the misuse of budgetary incentives and, consequently, in money-laundering activities. In Serbia, this risk has been increasing year by year. The subject of this paper is therefore the analysis of typological characteristics and various modalities of money laundering within the agricultural sector. In addition to examining and assessing the degree of exposure to this risk in Serbia, the paper will also provide recommendations for its mitigation.

KEYWORDS / КЉУЧНЕ РЕЧИ: 

Agriculture, money laundering, tax evasion, subsidies, Financial Action Task Force (FATF)

ACKNOWLEDGEMENT / ПРОЈЕКАТ:

REFERENCES / ЛИТЕРАТУРA:

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