Supervisors from Bosnia and Herzegovina’s banking sector enhanced their expertise in preventing money laundering and terrorism financing during a specialised workshop on 11-12 November in Sarajevo, organised by the Council of Europe.

The training focused on strengthening practical skills, including sectoral and individual risk assessments, data gathering, identifying and selecting relevant data sources, setting priorities and targets, and using IT tools and analytical methods. Participants also explored experiences from tested practices in other Council of Europe jurisdictions and engaged in an open discussion on challenges encountered during on-site and off-site inspections.

By improving supervisory capacity, the initiative supports more effective, risk-based monitoring of financial institutions across the country. This is a key step in safeguarding the integrity of the financial system.

These activities form part of the Council of Europe’s broader efforts to reinforce trust in the rule of law and democracy through comprehensive measures to combat economic crime and align domestic practices with international standards.

The workshop was held as part of the Council of Europe project against corruption, money laundering, and terrorism financing in Bosnia and Herzegovina, implemented under the Council of Europe’s Action Plan for Bosnia and Herzegovina 2022-2025 and funded through voluntary contributions.