Bosnia and Herzegovina is no longer on EU’s List for Money Laundering and Terrorist Financing

July 10, 2020 2:15 PM

 

Bosnia and Herzegovina is not officially on the European Union’s list of high-risk third countries that have strategic deficiencies in the regime of preventing money laundering and combating terrorist financing, which pose a significant threat to the Union’s financial system.

Commission Delegated Regulation of May 7th this year entered into force, which is more in line with Financial Action Task Force (FATF) list.

The European Commission recognized the progress and measures taken in this area that Bosnia and Herzegovina has made in the past period, and concluded that at this stage, according to available information, Bosnia and Herzegovina has no strategic deficiencies in the regime of preventing money laundering and terrorist financing. The Commission will continue to monitor the effective implementation of such measures.

 

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