EU removes Bosnia from list of high-risk countries for financing terrorism

EU removes Bosnia from list of high-risk countries for financing terrorism

EU removes Bosnia from list of high-risk countries for financing terrorism Izvor: Izvor: Reuters/Yves Herman

The European Union has removed Bosnia and Herzegovina from the list of high-risk countries with weak anti-terrorism financing regimes and the decision enters into force on Thursday, Bosnia and Herzegovina's Justice Ministry said.

A press release by the European Commission explains that the decision was adopted on May 7 but formally enters into force as of today following a review of the list of high-risk countries.

It was estimated that Bosnia and Herzegovina met the prerequisites to be treated as a country without any strategic deficiencies that pose a significant threat to the EU's financial system.

With the reviewed list the European Commission took into account the work of the Financial Action Task Force (FATF), the international standard-setter in this field, the EC said in its press release.

Bosnia's justice ministry said the European Commission has recognised the country's progress and measures taken in the past period and concluded that currently, the country has no "strategic deficiencies" in its anti-money laundering and terrorist financing regimes.

The Commission has, however, announced that it will continue to monitor the efficiency of the implementation of measures.

Bosnia and Herzegovina was obliged to make changes to its criminal law and legislation related to associations and foundations in order to ensure that they were not used as a cover-up for the financing of illegal activities as was the case before.

POVEZANE VIJESTI

Comments (0)

Comment sent successfully.

Comment sending failed.

Invalid CAPTCHA

* All fields are required

MOST POPULAR

NAJNOVIJE

READ MORE

NEWS

NEWS

US Secretary of State, Slovenian PM discuss energy, security challenges 15:09 h

15:09 h  |  NEWS

NEWS

NEWS

Croatia reports record-high 180 new coronavirus cases in one day 15:06 h

15:06 h  |  NEWS

NEWS

NEWS

Croatia's seaports see increase in cargo handled, drop in passengers in Q2 2020 13:35 h

13:35 h  |  NEWS

NEWS

NEWS

EC wants Montenegro to probe construction of Mozura wind park 13:33 h

13:33 h  |  NEWS

NEWS

NEWS

Belarus authorities arrest 6,000 protesters following disputed election 13:28 h

13:28 h  |  NEWS

NEWS

NEWS

Bosnia's coronavirus total passes 15,000, more than 9,000 patients recover 13:27 h

13:27 h  |  NEWS

NEWS

NEWS

Bosnian Serb leaders want the Russian vaccine 13:27 h

13:27 h  |  NEWS

NEWS

NEWS

Serbia to lose €1bn due to lack of foreign tourists amid pandemic 13:23 h

13:23 h  |  NEWS

PROČITAJTE JOŠ

NEWS

NEWS

US Secretary of State, Slovenian PM discuss energy, security challenges 15:09 h

15:09 h  |  NEWS

NEWS

NEWS

Croatia reports record-high 180 new coronavirus cases in one day 15:06 h

15:06 h  |  NEWS

NEWS

NEWS

Croatia's seaports see increase in cargo handled, drop in passengers in Q2 2020 13:35 h

13:35 h  |  NEWS

NEWS

NEWS

EC wants Montenegro to probe construction of Mozura wind park 13:33 h

13:33 h  |  NEWS

NEWS

NEWS

Belarus authorities arrest 6,000 protesters following disputed election 13:28 h

13:28 h  |  NEWS

NEWS

NEWS

Bosnia's coronavirus total passes 15,000, more than 9,000 patients recover 13:27 h

13:27 h  |  NEWS

NEWS

NEWS

Bosnian Serb leaders want the Russian vaccine 13:27 h

13:27 h  |  NEWS

NEWS

NEWS

Serbia to lose €1bn due to lack of foreign tourists amid pandemic 13:23 h

13:23 h  |  NEWS

loader