The EU Delegation to Bosnia and Herzegovina has stated that it is aware of the decision by the Financial Action Task Force (FATF) to place Bosnia and Herzegovina on the MONEYVAL grey list, noting that domestic authorities have expressed political commitment to promptly address the strategic deficiencies identified in the FATF Action Plan.
Bosnia and Herzegovina was added yesterday to the MONEYVAL grey list, the Council of Europe committee responsible for monitoring anti-money laundering and counter-terrorist financing systems, according to information published on the FATF website.
The EU Delegation said it had taken note of the political commitment of domestic authorities to address the strategic deficiencies identified in the Action Plan as quickly as possible and encouraged Bosnia and Herzegovina to implement the agreed measures within the established deadlines.
The Delegation recalled that the European Union has provided significant technical assistance to Bosnia and Herzegovina in this area through EU-funded programmes and remains ready to continue supporting the country in implementing measures envisaged under its domestic FATF Action Plan.
“Progress in implementing these reforms contributes to advances on the country’s European path,” the Delegation said in a statement.
It was also noted that across the Western Balkans, membership in the Single Euro Payments Area (SEPA) brings benefits to both citizens and the business community.
“To achieve these benefits, it is important that Bosnia and Herzegovina continues to implement the necessary reforms, including those related to combating money laundering,” the Delegation stated.
FATF noted that in June, Bosnia and Herzegovina committed at a high political level to working with FATF and MONEYVAL to strengthen the effectiveness of its anti-money laundering and counter-terrorist financing framework.
Source: RTRS
