pc
nid 92440
May 04, 2026
arahman@vixio.com
Bosnia and Herzegovina
Gazettes - Official Gazette
horizon scanning
85% of draft length
draft in Generated
Generated
1418 charsBosnia and Herzegovina Parliamentary Assembly Enacts Law on Asset Restriction to Counter Terrorism and Weapons Proliferation
On May 5, 2026, the Parliamentary Assembly of Bosnia and Herzegovina published the Law on Restricting Asset Disposal for the Purpose of Preventing Terrorism, Financing of Terrorism and Financing of Weapons of Mass Destruction in the Official Gazette of Bosnia and Herzegovina (Službeni glasnik BiH), Issue 31/26.
The law establishes a legal framework for restricting the disposal and management of assets with the objective of preventing terrorism, countering the financing of terrorism, and preventing the financing of weapons of mass destruction proliferation. The legislation represents Bosnia and Herzegovina's commitment to strengthening its counter-terrorism financing (CTF) and anti-money laundering (AML) regime in alignment with international standards and obligations.
The enactment of this law reflects Bosnia and Herzegovina's efforts to enhance its financial security infrastructure and comply with international counter-terrorism financing frameworks. The measure applies to relevant authorities and financial institutions operating within the jurisdiction and establishes mechanisms for asset identification, freezing, and management in accordance with terrorism prevention objectives.
The law is now in effect as published in the Official Gazette. Implementation will be undertaken by competent authorities designated under the legislation.
**Reference:**
Službeni glasnik BiH, broj 31/26, 5.5.2026
Agent draft
Not run yet.
Published
1199 charsBosnia and Herzegovina's Parliament Adopts Law on Terrorism Financing and Sanctions
On May 4, 2026, the Parliamentary Assembly of Bosnia and Herzegovina adopted the Law on Restricting Asset Disposal for the Purpose of Preventing Terrorism, Financing of Terrorism and Financing of Weapons of Mass Destruction.
The law establishes a legal framework for restricting the disposal and management of assets with the objective of preventing terrorism, countering the financing of terrorism, and preventing the financing of weapons of mass destruction proliferation.
Firms must adopt internal policies, controls and procedures for the implementation of targeted financial sanctions and shall regularly implement, review and update them in accordance with the nature, size and level of risk of their business and the sector in which they operate.
The internal control system should at least include:
Identification and assessment of the risk of breach of measures.
Definition of the responsibilities of staff and the management structure.
Procedures for checking data on parties and transactions for the purpose of detecting matches with lists.
A reporting and record-keeping system.
This law shall enter into force on the eighth day following its publication in the official gazette.