At a glance 

The project is designed to respond to the current needs and deficiencies as identified by the Council of Europe monitoring bodies, GRECO and MONEYVAL.

It will be implemented in complementarity with the BiH-specific and regional actions against economic crime funded under the joint programme by the European Union and the Council of Europe "Horizontal Facility for the Western Balkans and Türkiye" in order to enhance the overall impact and sustainability of these efforts. 

 Funding 

This project is implemented under the Council of Europe Action Plan for Bosnia and Herzegovina 2022-2025 and funded through voluntary contributions.

 Duration 

01 January 2023 - 31 December 2025

What are the goals and objectives of the action?

The action aims to support the authorities in

• fighting and preventing corruption, money laundering and terrorist financing in Bosnia and Herzegovina,
• further strengthening the legal and institutional framework for the prevention of corruption and anti-money laundering and countering the financing of terrorism,
• improving the track-record of implementation of the mentioned institutional framework to enhance preventive measures of conflict of interest and asset declaration, supervision and sanctioning, prevention of terrorist financing and application of targeted financial sanctions,
• enforcing provisional measures and confiscation of illicit assets.

Who benefits from the action?

• Institutions at state and entity levels: Ministry of Security, ministries of justice, Financial Intelligence Unit, banking sector supervisors, Indirect Taxation Authority, ministries of interior, prosecutor's offices,
• the people of Bosnia and Herzegovina.

How does the action work?

• by carrying out reviews and assessments,
• by providing proposals for legislative and administrative changes, guidance and capacity-building with the aim of providing pathways to the authorities to ensure compliance with European standards.

This project is implemented in complementarity with BiH-specific and regional projects implemented by the Council of Europe and funded under the joint European Union and Countil of Europe programme "Horizontal Facility for the Western Balkans and Türkiye."

What do we expect to achieve?

• Enhanced measures and capacities for the prevention of corruption,
• improved supervision of anti-money laundering and counter-terrorism financing efforts and enforcement of preventive measures,
• strengthened capacities to effectively apply seizures and confiscations of illegal assets.  

What is the budget of the action?

The total budget of the action is 600 000 EUR.