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In search of crime-money management in Serbia
Duyne, Petrus C. van; Donati, Stefano

The Serbian economy and the financial system is characterized by a substan-tial underground economy. With an underground economy of about 20-35 % of the GNP it is likely that the related phenomenon of money-laundering will be extensive as well. However, little is known about money-laundering in Serbia or about the underlying crime for profit. Therefore the authors carried out some `crime archaeology` to approximate the phenomenon of money-laundering. During this work it was clear that the statistical sources were problematic. Nevertheless it became clear that the extent of the criminal economy generated enough unrecorded income which may be related to extensive flows of money leaving and entering Serbia. In particularly forms of economic crime, like abuse of position and fraud appear to generate many illegal profits. In general it appeared that the Serbian households live far beyond their means, showing an annual deficit of 560 million euros. How is this covered? That proves difficult to account for as flows of money going into and out of the country are difficult to interpret from the official trade statistics. The imbalance of payments with Cyprus is particularly striking. Much more money flows to Cyprus than can be intended for goods and ser-vices acquired from that country. There are also indications that much of the unrecorded money flows back into the Serbian economy, though the general opaque nature of the Serbian statistics and the most uncertain effects of the anti-laundering efforts leave much uncertainty. Opacity prevails.

About CCC

The Cross-Border Crime Colloquium is an annual event since 1999. It brings together experts on international organised (economic) crime to discuss the latest developments in empirical research, legislation and law enforcement, with a special geographical focus on Western, Central, and Eastern Europe. The Colloquia aim at building bridges in three respects: between East and West Europe, between scholars and practitioners, and between old and young.
2019Olsztyn, Poland
2021Kongsvinger, Norway (Virtual)
2019Utrecht, the Netherlands
2018Kharkiv, Ukraine
2017Bratislava, Slovakia
2016Newcastle, United Kingdom
2015Prague, Czech Republic
2014Sarajevo, Bosnia and Herzeg.
2013Cambridge, United Kingdom
2012Manchester, United Kingdom
2011Tilburg, The Netherlands
2009Ghent, Belgium
2008Beograd, Serbia
2007Prague, Czech Republic
2006Tallinn, Estonia
2005Sarajevo, Bosnia and Herzeg.
2004Berlin, Germany
2003Ainring, Germany
2002Ljubljana, Slovenia
2001Bratislava, Slovakia
2000Budapest, Hungary
1999Prague, Czech Republic

The 22nd Cross-border Crime Colloquium will be hosted by the The University of Warmia and Mazury in Olsztyn, Poland on 10 and 11 October 2022. We will soon share the agenda and details on how to attend.
For information, please contact
Prof. Dr. Joanna Banach-Gutierrez:
Prof. Dr. Petrus C. van Duyne:

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