Business Corruption in Serbia

Corruption is a problem in Serbia, and the prevalence of bribery exceeds the regional average ( UNODC , 2013). Foreign companies should be aware of conflicts of interest within Serbia’s state institutions. Government procurement is especially vulnerable to fraud and embezzlement . The Serbian Criminal Code and the Anti Corruption Agency Act criminalise public and private sector corruption, attempted corruption, extortion , abuse of office , bribing a foreign public official, money laundering and active and passive bribery. Despite strong political impetus to fight corruption, enforcement and criminal prosecutions are largely ineffective. Even though facilitation payments and gifts are criminalised by law, they are common practice in the public and private sectors.

July 2015
GAN Integrity Solutions