Banks in Republika Srpska reported Numerous Money Laundering Transactions

September 23, 2019 10:00 AM

Banks in Republika Srpska (RS), one of the entities in BiH, reported a total of 48 suspected money laundering transactions to the Financial Intelligence Division of the BiH Investigation and Protection Agency (SIPA) last year, totaling 127 million BAM, RS Banking Agency data show.

There were no suspicious transactions in the financing of terrorist activities.

The Banking Agency’s report states that one suspected cashless transaction amounting to 103.5 million BAM was reported, and at the request of the Financial Intelligence Division of SIPA, it was blocked for five days.

Also, banks reported 31 suspicious clients for money laundering, and one of them was reported on suspicion of financing terrorist activities.

In 2018, banks in the RS reported a total of 179,658 cash transactions worth 3 billion and 998 million BAM, representing 0.46 percent of total transactions in the BiH banking sector entities, or 6.64 percent of the total value of transactions performed in the RS banking sector.

Tags:

Leave a Reply

You must be logged in to post a comment.

Modalert 200mg : Buy modalert 200