Money laundering in Bosnia and Herzegovina

The problem of money laundering in the world is becoming more and more challenging, which Bosnia and Herzegovina are not spared, and there is more and more "dirty" money coming from various criminal activities and trying to "launder", ie put into legal channels. Therefore, anti-money laundering projects in Bosnia and Herzegovina are extremely important, and they have shown the first results. In this regard, in May 2017, the European Union launched a two-year twinning project "Support to the fight against money laundering", and in the meantime, our country was removed from the so-called “gray lists” of the Interstate Anti-Money Laundering Authority (FATF). It should be emphasized that the benefits for Bosnia and Herzegovina due to the removal from the FATF "gray list" are multiple. Due to the fact that Bosnia and Herzegovina were placed on this "gray list", economic entities in their daily business encountered difficult foreign payment transactions. By removing our country from the Interstate Anti-Money Laundering Authority "gray list", the causes of the problems that business entities from Bosnia and Herzegovina face in their daily business, as well as the causes that our citizens encounter when performing financial transactions abroad, cease.