Bosnia and Herzegovina: lack of progress in adopting necessary legislation

The publication of this MONEYVAL statement on the FATF website does not constitute an official endorsement by the FATF. However, this public statement contains relevant information that countries and the private sector, as part of their implementation of the risk-based approach, should be aware of.

MONEYVAL public statement on Bosnia and Herzegovina

The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) of the Council of Europe issued a public statement on Bosnia and Herzegovina in the light of continued lack of progress in the adoption of necessary legislation to address its concerns.

The public statement was adopted by MONEYVAL in its 44th plenary meeting (31 March–4 April 2014), under Step 3 of its Compliance Enhancing Procedures. The Committee however deferred its issue until 1 June 2014 in order to allow Bosnia and Herzegovina further time to adopt all necessary amendments to the preventive Law and the Criminal Code. The necessary legislation was not adopted by the Parliament of Bosnia and Herzegovina within the MONEYVAL deadline of 31 May 2014.

MONEYVAL has invited the FATF to bring their concerns to the attention of the global network of the FATF.

For more information, see the MONEYVAL website.


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