This action is implemented within the joint programme of the European Union and the Council of Europe “Horizontal Facility for the Western Balkans and Türkiye”
Duration
01 January 2023 – 31 December 2026
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.
In order to enhance its impact and sustainability when it comes to the prevention of economic crime, and to fully meet the needs of the beneficiaries, the action is complemented by another project implemented by the Council of Europe and funded through voluntary contribution.
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 230,000 EUR.
The budget allocated to the overall Horizontal Facility programme amounts to ca. 41 Million EUR (85% funded by the European Union, 15% by the Council of Europe).
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Publish date : 2024-12-17 06:12:00
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