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Reading: “Potential Consequences in BiH for those who want to introduce the Payment of Salaries in Cash to sanctioned Persons”
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Sarajevo Times > Blog > POLITICS > “Potential Consequences in BiH for those who want to introduce the Payment of Salaries in Cash to sanctioned Persons”
POLITICS

“Potential Consequences in BiH for those who want to introduce the Payment of Salaries in Cash to sanctioned Persons”

Published: May 25, 2024
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Support for sanctioned persons in Bosnia and Herzegovina (BiH) entails potential consequences, the United States (U.S.)Embassy in BiH said on the social network X on Wednesday, May 22nd, responding to the announcements of changes to the law on paying salaries in cash to employees of institutions in BiH.

The reaction of the embassy came after the Croatian Democratic Union of BiH (HDZ BiH) proposed changes to the Law on Financing of BiH Institutions on May 21st, at the session of the House of Representatives of the Parliament of BiH.

The changes allow government employees under U.S. sanctions to be paid in cash.

The list of sanctions includes over 40 persons and legal entities from BiH, among whom is the Deputy Speaker of the House of Representatives of the Parliament of BiH, Marinko Cavara.

Sanctioned persons were prevented from paying their salaries through bank accounts after the recent adoption of amendments to the Law on Prevention of Money Laundering and Financing of Terrorism.

“The U.S. will use all available enforcement mechanisms to support the U.S. sanctions regime and prevent corrupt, destabilizing, or anti-Dayton activities,” the U.S. Embassy in BiH stated.

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