meta_id 3020466

On March 13, 2026, the Council of Ministers of Bosnia and Herzegovina adopted a draft law on restricting asset disposal to prevent terrorism, terrorism financing, and weapons of mass destruction proliferation. The Ministry of Security of Bosnia and Herzegovina proposed the legislation, which addresses a key recommendation from the Financial Action Task Force (FATF) Mutual Evaluation Review Body (MONEYVAL). The draft law establishes a clear legal framework for implementing targeted financial sanctions measures. It defines institutional responsibilities, oversight mechanisms, binding procedural requirements, and appropriate sanctions for non-compliance. The legislation enables Bosnia and Herzegovina to fully implement international obligations arising from United Nations membership, particularly Security Council resolutions requiring member states to apply asset restriction measures against persons and entities linked to terrorism, terrorism financing, and weapons of mass destruction proliferation. The law represents the first comprehensive and operational implementation of these international obligations within Bosnia and Herzegovina's domestic legal system. It addresses a previously identified gap in the country's effective and legally sustainable system for enforcing targeted financial sanctions. The Parliamentary Assembly of Bosnia and Herzegovina is expected to adopt the law by April 2026. Timely adoption is critical to avoid triggering the FATF's International Cooperation Review Group (ICRG) process, which could result in Bosnia and Herzegovina being placed on the grey list. Such designation would carry serious reputational, political, and financial consequences for the country. Adoption of the law demonstrates Bosnia and Herzegovina's commitment to fulfilling international obligations in combating terrorism and financial crime while strengthening its financial system's stability and integrity.