Bosnia-Herzegovina

New Documents

The Council of Europe’s Group of States against Corruption published a fourth evaluation round report on Bosnia-Herzegovina’s framework for preventing corruption with respect to members of parliament, judges and prosecutors.

The Council of Europe’s Group of States against Corruption published an addendum to the 2018 second compliance report on Bosnia-Herzegovina’s efforts to criminalize corruption and ensure transparency of political party funding.

Enforcement Actions

0 Items Found


Important Facts

  • The U.S. State Department labels Bosnia-Herzegovina as a major money laundering jurisdiction. Given that the country is not an international or regional financial center, most money laundering activities involve evading taxes and corruption. The country primarily has a cash-based economy. Less common money laundering activities involve concealing the proceeds of illegal activities including trafficking illicit drugs, human trafficking and organized crime. With porous borders and weak enforcement capabilities, Bosnia-Herzegovina is a significant market and transit point for smuggled commodities including cigarettes, firearms, counterfeit goods, lumber and fuel oils. Fraud and identity theft are increasing, as are identity card counterfeiting and credit card fraud. Money laundering through real estate transactions is also common.  The country has know your customer and suspicious transaction report regulations and applies due diligence measures.
- Source: 2020 International Narcotics Control Strategy Report (INCSR)

Rankings

FATF i

Technical Effectiveness
Compliant : 3 High :
Largely Compliant : 14 Substantial :
Partially Compliant : 18 Moderate :
Non-Compliant : 13 Low :
Not-Applicable : 1

BASEL i

Rank : 47/141
Score : 5.63/10

TRANSPARENCY INTERNATIONAL i

Rank : 101/180
Score : 36/100

Tax Justice Network i

Rank : N/A
Score : N/A