As part of the mutual evaluation of Bosnia and Herzegovina, a team of evaluators from the Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) carried out an on-site visit to Bosnia and Herzegovina from 12 to 28 February 2024.
The purpose of this mutual evaluation is to assess the country's technical compliance and effective implementation of the international anti-money laundering and combating the financing of terrorism (AML/CFT) standards, in accordance with the 2013 Financial Action Task Force (FATF) methodology.
The assessment team is composed of MONEYVAL experts with legal, financial and law enforcement experience, assisted by members of the MONEYVAL Secretariat.
At the opening of the on-site visit, the Minister of Security, Mr Nenad Nešić, introduced current measures and planned reforms demonstrating the country’s commitment to combatting money laundering, terrorism financing and financing of proliferation of weapons of mass destruction. The assessment team was also received by the Deputy Minister of Justice of the Republic of Srpska, Mr Slobodan Zec.
During the visit, numerous meetings were held with representatives of Bosnia and Herzegovina’s criminal justice system, ministries, supervisory authorities, and other operational agencies involved in AML/CFT. The assessment team also met with representatives of the private sector (including banks, securities firms, casinos, notaries and lawyers) and representatives of non-profit organisations.
The report is scheduled for discussion and adoption at the 68th plenary meeting of MONEYVAL in December 2024.