At a glance 

The action will contribute to greater trust in the rule of law and democracy in Bosnia and Herzegovina through prevention and control of economic crimes in accordance with European and other international standards.

The implementation of the action will support competent authorities in further strengthening the legal and institutional framework for prevention of corruption, money launcering, and terrorism financing, enhancing supervision and enforcement of preventive measures, and strengthening capacities to effectively apply seisures and confiscations of illegal assets. 

 Funding 

This action is implemented within the joint programme of the European Union and the Council of Europe “Horizontal Facility for the Western Balkans and Türkiye”

 Duration 

01 January 2023 - 31 December 2026

What are the goals and objectives of the action?

The action aims to support the authorities in

• fighting and preventing corruption, money laundering and terrorist financing in Bosnia and Herzegovina,
• further strengthening the legal and institutional framework for the prevention of corruption and anti-money laundering and countering the financing of terrorism,
• improving the track-record of implementation of the mentioned institutional framework to enhance preventive measures of conflict of interest and asset declaration, supervision and sanctioning, prevention of terrorist financing and application of targeted financial sanctions,
• enforcing provisional measures and confiscation of illicit assets.

Who benefits from the action?

• Institutions at state and entity levels: Ministry of Security, ministries of justice, Financial Intelligence Unit, banking sector supervisors, Indirect Taxation Authority, ministries of interior, prosecutor's offices,
• the people of Bosnia and Herzegovina.

How does the action work?

• by carrying out reviews and assessments,
• by providing proposals for legislative and administrative changes, guidance and capacity-building with the aim of providing pathways to the authorities to ensure compliance with European standards.

In order to enhance its impact and sustainability when it comes to the prevention of economic crime, and to fully meet the needs of the beneficiaries, the action is complemented by another project implemented by the Council of Europe and funded through voluntary contribution.

What do we expect to achieve?

• Enhanced measures and capacities for the prevention of corruption,
• improved supervision of anti-money laundering and counter-terrorism financing efforts and enforcement of preventive measures,
• strengthened capacities to effectively apply seizures and confiscations of illegal assets.  

What is the budget of the action?

The total budget of the action is 230 000 EUR.

The budget allocated to the overall Horizontal Facility programme amounts to ca. 41 Million EUR (85% funded by the European Union, 15% by the Council of Europe).