Ambassador Soreca: Urgent Need to Strengthen the Fight against Money Laundering

Today, the ambassador of the European Union in Bosnia and Herzegovina, Luigi Soreca, spoke with representatives of the business community in BiH about two key issues that significantly affect the business environment and require urgent attention from the competent state institutions.

The first question relates to the fight against money laundering and terrorist financing. Ambassador Soreca warns that failure to address existing deficiencies in the next two months may lead to increased international supervision (“greylisting”), which would negatively affect access to financial markets, foreign investments, as well as participation in the Single Euro-Payment Area (SEPA).

Another question concerns the EU mechanism for adjusting the carbon limit load (CBAM), which has been in use since January 1 and is an important instrument in reducing carbon dioxide emissions. Delays in BiH related to emissions monitoring, reporting, verification and accreditation systems increase the risk of additional costs, loss of contracts and reputational damage.

Ambassador Soreca expressed satisfaction that the business community in BiH is proactively involved in solving these important issues and called on the authorities to listen to their concerns and take the necessary steps.

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