Bosnia and Herzegovina
Overview
The current state-level framework is Law 13/24 on prevention of money laundering and financing of terrorist activities, supported by implementing rules and entity/sector legislation. It expressly uses a risk-based model and covers financial and non-financial obliged persons.
Law 13/24 contains beneficial-owner identification rules, including ownership/control tests, but the June 2026 FATF action plan still requires timely availability of accurate and up-to-date basic and beneficial-ownership information. The profile therefore does not treat BO effectiveness as closed.
Obliged persons must identify and report suspicious activity to the FID under the state AML/CFT law. FATF’s 2026 action plan specifically calls for targeted feedback to improve STR quality and use.
Compliance Calendar4
Requirement
Annual AML/CFT employee training plan
Authority / Report toInternal governance; available to competent supervisor during oversight
Deadline / triggerPrepare the annual professional education/training plan no later than the end of March for the current year; training itself is continuous/annual.
Requirement
- Subject scope
- Obliged persons with employees in roles relevant to AML/CFT.
- Trigger
- Beginning of each calendar year / annual training governance cycle.
- Filing channel
- Maintain the written plan and training evidence internally.
Impact
- Consequences of non-compliance
- Failure to maintain required governance/training may lead to supervisory and offence consequences under the Law.
- Enforcement authority
- Competent sector supervisor.
- Operational impact
- Calendar an annual Q1 governance task and retain attendance/content evidence for supervisory review.
Requirement
Cash / linked cash and specified high-risk transaction reporting · BAM 30,000+
Authority / Report toFinancial Intelligence Department (FOO/FID), SIPA
Deadline / triggerImmediately after execution and no later than 3 days, subject to the statutory scope and 2026 implementing exemptions.
Requirement
- Subject scope
- Obliged persons within the statutory threshold-reporting scope, subject to exemptions/implementing rules.
- Trigger
- Cash or linked cash transaction, and other transactions specified by the law, with value at least BAM 30,000.
- Filing channel
- Prescribed reporting channel to FOO/FID.
Impact
- Consequences of non-compliance
- Failure to comply is sanctionable under the AML/CFT Law; exact range depends on liable entity/person and breach.
- Enforcement authority
- Competent AML/CFT supervisory/enforcement authorities.
- Operational impact
- Configure threshold aggregation and exceptions using the current implementing rule rather than treating every BAM 30,000 cash item identically.
Requirement
Suspicious transaction / activity report
Authority / Report toFinancial Intelligence Department (FOO/FID), SIPA
Deadline / triggerImmediately and before execution where possible. If prior reporting is objectively impossible, without delay and no later than the next working day after execution.
Requirement
- Subject scope
- Obliged persons under the state AML/CFT Law 13/24.
- Trigger
- Knowledge, information or suspicion relevant to money laundering, terrorist financing or proliferation-financing risk as defined by the law.
- Filing channel
- Report through the procedure prescribed for the Financial Intelligence Department.
Impact
- Consequences of non-compliance
- Non-compliance is subject to the offence/sanction provisions of the state AML/CFT Law; amount depends on the specific breach and liable person.
- Enforcement authority
- Financial Intelligence Department / competent supervisory authorities and courts as applicable.
- Operational impact
- Internal escalation must support pre-transaction reporting where possible and next-working-day reporting only for the statutory fallback scenario.
Requirement
Obliged-entity ML/TF/PF risk assessment and controls
Authority / Report to—
Deadline / triggerMaintain and update a documented risk assessment; no single universal external filing date is asserted.
Requirement
- Subject scope
- Obliged persons under Law 13/24.
- Trigger
- Ongoing business activity and changes in customer, geography, product/service, transaction or delivery-channel risk.
- Filing channel
- Internal governance document; provide during supervision as required.
Impact
- Consequences of non-compliance
- Deficiencies can attract supervisory/offence consequences under the Law.
- Enforcement authority
- Competent sector supervisor.
- Operational impact
- Use the risk assessment to drive control intensity and update it when material risk drivers change.
Authorities & FIU1
FATF Assessment
Measures how fully the jurisdiction has implemented FATF’s technical requirements. It does not measure practical effectiveness.
Measures whether the AML/CFT system achieves its intended results in practice. Follow-up reports do not normally replace these ratings.
Explore 40 FATF RecommendationsSee every Technical Compliance rating and what it means.+
Explore 11 Immediate OutcomesSee how FATF rates whether the AML/CFT system works in practice.+
Regulatory Timeline37
Bosnia and Herzegovina made a high-level political commitment to implement a FATF action plan addressing risk understanding, supervision, beneficial ownership, STR quality, ML/TF enforcement, cross-border cash and TFS effectiveness.
The 2026 implementing instrument adds operational detail to risk-based preventive and supervisory requirements under the 2024 law.
FATF revised Recommendation 16 to standardise payment information and strengthen fraud/error controls in cross-border payments.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗FATF amended Recommendation 1 and related interpretive material to strengthen proportionality and simplified measures under the risk-based approach.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗The state-level law modernises preventive measures, risk-based supervision, FIU powers, inter-agency cooperation and beneficial-owner identification duties across financial and non-financial sectors.
FATF revised Recommendations 4, 30, 31 and 38 and related interpretive material to make asset recovery a stronger operational priority, expand tools to trace and confiscate criminal property and improve domestic and international cooperation.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗At its February 2023 Plenary FATF revised Recommendation 25 and its Interpretive Note to strengthen transparency and beneficial-ownership requirements for trusts and similar legal arrangements, complementing the 2022 strengthening of Recommendation 24 for legal persons.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗FATF strengthened Recommendation 24 on beneficial ownership transparency for legal persons.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗FATF amended Recommendations 1 and 2 and their Interpretive Notes so countries and covered private-sector entities must identify, assess and mitigate risks of breaches, non-implementation or evasion of proliferation-related targeted financial sanctions.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗The Basel Committee revised its ML/TF risk-management guidelines to add principles for information exchange and cooperation between prudential and AML/CFT supervisors in authorisation, ongoing supervision and enforcement.
A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.
Basel Committee on Banking Supervision ↗FATF adopted detailed implementation requirements for virtual assets and VASPs in June 2019, including the application of wire-transfer information requirements commonly described as the Travel Rule. This operationalised the virtual-asset perimeter introduced through the 2018 Recommendation 15 revision.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗In October 2018 FATF revised Recommendation 15 and added the definitions of virtual asset and virtual asset service provider, formally bringing virtual-asset activity into the global AML/CFT standards architecture. Detailed implementation requirements followed in 2019.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗FATF removed Bosnia and Herzegovina from its on-going global AML/CFT compliance monitoring process.
FATF identified Bosnia and Herzegovina in its on-going global AML/CFT compliance process.
The Basel Committee issued Sound management of risks related to money laundering and financing of terrorism, superseding its 2001 CDD and 2004 consolidated KYC papers and integrating ML/TF risk management with prudential supervisory expectations.
A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.
Basel Committee on Banking Supervision ↗FATF adopted a consolidated revised set of 40 Recommendations integrating AML, CFT and proliferation-financing safeguards.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗Bosnia and Herzegovina is identified by MONEYVAL's 2007 Horizontal Review among the five new MONEYVAL members added after the original evaluation cohort. The reviewed record establishes membership by December 2007 but not the original admission date.
Resolution 1737 imposed binding measures concerning Iran’s proliferation-sensitive nuclear activities, including an asset freeze on designated individuals and entities. Together with the DPRK regime, it forms a foundational UN counter-proliferation targeted-financial-sanctions architecture.
UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.
UN Charter · Article 25 ↗Following the DPRK nuclear test, Resolution 1718 imposed binding sanctions including an asset freeze on designated persons and entities connected to the nuclear programme. It became a central UN targeted-financial-sanctions pillar for counter-proliferation financing.
UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.
UN Charter · Article 25 ↗The Egmont Group's official Member FIU Information register records Bosnia and Herzegovina's FIU admission date as 2005-06-29.
FATF added a ninth Special Recommendation addressing cash couriers and cross-border movement of currency.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗Resolution 1540 requires all States to adopt and enforce laws and domestic controls to prevent non-State actors from acquiring or using weapons of mass destruction and related materials. It forms a binding global legal pillar of the proliferation-financing control environment later reflected in FATF CPF standards.
UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.
UN Charter · Article 25 ↗The UN General Assembly adopted the United Nations Convention against Corruption on 31 October 2003. UNCAC addresses prevention of money laundering, laundering of corruption proceeds, confiscation and a dedicated asset-recovery framework; the Convention entered into force globally on 14 December 2005.
Current UN depositary relationship to 2003 UN Convention against Corruption. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.
UN Treaty Collection ↗FATF comprehensively revised its AML/CFT Recommendations, strengthening preventive measures and extending coverage.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗MONEYVAL terms define Council of Europe member states outside FATF as committee members. Bosnia and Herzegovina joined the Council of Europe on 24 April 2002 and is listed in the MONEYVAL membership clause, establishing the membership start under that rule.
The Basel Committee issued Customer due diligence for banks, setting minimum supervisory expectations for customer acceptance, identification, ongoing monitoring and risk management. It became an influential global banking KYC/CDD benchmark and was later reflected in FATF standards.
A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.
Basel Committee on Banking Supervision ↗FATF expanded its standards to terrorist financing through eight Special Recommendations.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗Resolution 1373 requires all States to prevent and suppress terrorist financing, criminalise the provision or collection of funds for terrorist acts, freeze terrorist assets without delay and prohibit making funds or financial services available to terrorists and related entities.
UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.
UN Charter · Article 25 ↗The Palermo Convention was adopted on 15 November 2000 and broadened the international money-laundering framework beyond drug proceeds through criminalisation and preventive measures tied to transnational organised crime. It entered into force globally on 29 September 2003.
Current UN depositary relationship to 2000 Palermo Convention. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.
UN Treaty Collection ↗The UN General Assembly adopted the International Convention for the Suppression of the Financing of Terrorism on 9 December 1999, creating the treaty framework for criminalising terrorist financing and international cooperation. It entered into force globally on 10 April 2002.
Current UN depositary relationship to 1999 Terrorist Financing Convention. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.
UN Treaty Collection ↗Resolution 1267 imposed an assets freeze and other targeted sanctions in the Taliban context and created the Security Council committee that became the foundation of the UN 1267 sanctions architecture. It is a key global precursor to modern terrorist-financing targeted financial sanctions.
UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.
UN Charter · Article 25 ↗FATF revised the Forty Recommendations to reflect evolving money-laundering methods and countermeasures.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗Representatives of 13 financial intelligence units met in Brussels on 9 June 1995 and founded what became the Egmont Group. The milestone created the operational global network for FIU-to-FIU cooperation and exchange of financial intelligence.
Current profile relationship to the Egmont network. This does not imply membership in 1995; admission history is a separate LOCAL/STATUS fact.
Egmont Group · Member FIUs ↗FATF issued its original Forty Recommendations, establishing the first global AML standard framework.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗The G7 established FATF in 1989 to examine and develop measures to combat money laundering. FATF became the central global standard-setting body whose recommendations are implemented through national and regional AML/CFT frameworks.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗The Vienna Convention was adopted on 20 December 1988 and created the first treaty-level international obligation to criminalise laundering conduct linked to drug-trafficking proceeds, alongside confiscation and international-cooperation measures. It entered into force globally on 11 November 1990.
Current UN depositary relationship to 1988 Vienna Convention. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.
UN Treaty Collection ↗The Basel Committee published a Statement of Principles for banks aimed at reducing the risk that banking institutions would be used by criminals or as channels for money laundering. This helped establish the preventive and supervisory side of AML alongside the emerging criminal-law framework.
A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.
Basel Committee on Banking Supervision ↗