Session of the Commision for AML
The Session of the Commission for AML was held on the 28th of February in the premises of the Banking Association of BiH.
The AML Comission expressed its satisfaction with the information published after the recent FATF Plenary Session (read here) on which it was decided that BiH should be removed from the "gray list" of countries where increased attention is required when conducting payment transactions abroad. With this, BiH is placed in a group of countries that consistently apply measures and standards to prevent money laundering and terrorism financing. It was concluded that removing BiH from the "gray list" would greatly facilitate the banking sector's business, and thus foreign customers. It is recommended to banks to forward this information formally to their correspondent banks overseas. At the session, it was agreed that by mid-April, a regular meeting of the AML coordinators would be held. The focus of this gathering will be on PayPall transactions and crypto currencies. The meeting was also attended by the Director of the Department for Control of the Anti Money Laundering and Terrorism Financing of of the Federal Banking Agency.