By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Confiscation of illegally acquired Property in BiH is not at the required Level
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > BUSINESS > Confiscation of illegally acquired Property in BiH is not at the required Level
BUSINESS

Confiscation of illegally acquired Property in BiH is not at the required Level

Published: March 16, 2023
Share
SHARE

The absence of an agency that manages temporarily and permanently confiscated property at the state level leads to the fact that this property is falling apart, and there are resistances to its formation, it was said at the conference “Effective Confiscation of illegally acquired property in the Western Balkans”.

Nevena Kostic, project manager of the AIRE Center, said that more than a hundred judges, prosecutors, professors and other experts from the Western Balkan countries are attending this conference, whose work contributes to confiscation of illegally acquired property.

“Corruption and organized crime continue to represent one of the most widespread and persistent challenges to the rule of law in the Western Balkans. Confiscating illegally acquired property is one of the most effective means of fighting crime, which sends a clear message to perpetrators that crime does not payoff,” told Kostic.

According to her, the Western Balkans has made enormous progress in recent years in the adoption of legislation on confiscation of property benefits, but we still see significant obstacles in their implementation.

The Ambassador of the United Kingdom to Bosnia and Herzegovina (BiH), Julian Reilly, said that organized crime and corruption are key obstacles to prosperity and the rule of law. As he stated, seizing property from criminals is an unavoidable way of undermining the business model of criminals and corrupt politicians.

“We must share knowledge, skills and expertise to bring criminals to justice and hit them where it hurts the most – their wealth.” Many areas have updated their criminal laws and procedures. Others are in the process of those changes. Most have also established specific laws related to confiscation of property based on international standards,” said Ambassador Reilly.

The head of the Secretariat of the Regional Anti-Corruption Initiative (RAI), Desislava Gotskova, said that the annual conference on the effective confiscation of illegally acquired property brought together professionals engaged in the project to share their expertise and knowledge.

The latest research on good practices in confiscation and use of illegally acquired property was also presented at this event, Detektor reports.

E.Dz.

SIA in the Project to improve Transportation for Passengers with Reduced Mobility
Pensions to increase for all Pensioners in the Federation of BiH Next Year
BiH Presidency Member follows Dodik’s Path in weakening the BiH Institutions
The 5th “PR Challenge“ successfully finished
Director of CEEC: BiH has Tourism Potentials that must be used
TAGGED:#bosnia#confiscation#news#property
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article This is the Student who was arrested in Sarajevo for the Connection with Murder of Eskobar
Next Article A new Increase of another 600 BAM is planned for BiH Politicians
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2kFollowersLike
10.1kFollowersFollow
414FollowersFollow

Latest News

Trade Unions demand urgent Adoption of Law on Emergency Administration in New Steelwork Zenica
May 24, 2026
Fifteen BiH National Team Players had their First training Session in Butmir
May 24, 2026
EUFOR ALTHEA and the Italian Red Cross Deliver IHL Course for the AFBiH
May 24, 2026
Who Will Be the New High Representative?
May 24, 2026
Sarajevo Pride Returns as Organizers Invite Citizens to Decorate Balconies with Rainbow Colors
May 23, 2026
More than 200 Oldtimers in Mostar at one of the largest Gatherings of its kind in Europe
May 23, 2026
Wearing Jersey of BiH at the World Cup is a privilege that Generations Dream about
May 23, 2026
BiH FM at the GLOBSEC Forum: Preserve the Full Role of the OHR as a Key Factor in the Protection of the Constitutional Order
May 23, 2026
The Cost of Sour Grapes
May 23, 2026
GSS Prenj founds a Person who went Missing Four Days ago
May 23, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?