A specialized workshop, as part of a broader initiative to strengthen domestic capabilities in risk-based supervision to counter money laundering and terrorism financing, was held on 13 June in Sarajevo. The event brought together representatives of competent supervisory bodies to focus specifically on the application of risk-based approaches in overseeing the real estate sector.

The workshop addressed concerns that the real estate sector represents a potentially high-risk avenue for illicit financial flows. Participants examined specific vulnerabilities within the Bosnian and Herzegovinian context, alongside relevant case studies from other countries.

The workshop focused on recurring typologies often linked to money laundering in the real estate market, as well as practical elements of supervision, such as on-site inspections, assessment of compliance procedures, and implementation of customer due diligence measures. Emphasis was also placed on the effective use of supervisory tools, including the reporting of suspicious activities and the enforcement of penalties, sanctions, or other remedial measures.

The workshop was organised as part of the “Action against corruption, money laundering and terrorist financing in Bosnia and Herzegovina” which is implemented through the Council of Europe’s and the European Union’s joint programme “Horizontal Facility for the Western Balkans and Türkiye,” and its complementary project implemented under the Council of Europe’s Action Plan for Bosnia and Herzegovina 2022-2025 and funded through voluntary contributions.