SUBJECT: Notice, we submit,-
We address you as supervisory bodies prescribed by Article 80 of the Law on Prevention of Money Laundering and Financing of Terrorism (Official Gazette of BiH, nos. 47/14 and 46/16) (hereinafter: the Law), i.e. sectoral associations, with a request to inform the obligated entities from Article 4 of the Law that you supervise, or your association members, regarding the obligations prescribed by Article 5 of the Law, and in connection with Article 2 of the Rulebook on the Implementation of the Law on Prevention of Money Laundering and Financing of Terrorist Activities (“Official Gazette of BiH”, nos. 41/15 and 24/23), that on 11.01.2024 on the official website of the Ministry of Security of Bosnia and Herzegovina www.msb.gov.ba, category: Documents – Strategic documents and action plans, the Summary of the Supplement to the Risk Assessment of Money Laundering and Terrorist Financing in Bosnia and Herzegovina for the period 2022–2024 and the Action Plan for Combating Money Laundering and Terrorist Financing in Bosnia and Herzegovina for the period 2022–2024 are available.
In addition, bearing in mind the obligations from Article 47 of the Law, in connection with the preparation of the list of indicators for identifying suspicious transactions and clients, the Council of Ministers of Bosnia and Herzegovina on 07.04.2023 adopted the Rulebook on Amendments to the Rulebook on the Implementation of the Law on Prevention of Money Laundering and Financing of Terrorist Activities (hereinafter: the Rulebook), which was published in the “Official Gazette of BiH”, no. 24/23 and on the official website of the State Investigation and Protection Agency www.sipa.gov.ba, category: Documents, subcategory: Sub-legal act, in which, among other things, the lists of indicators for recognizing suspicious transactions were amended and supplemented.
We also remind you of the obligations prescribed by Article 40 of the Law, according to which obligated entities are required to appoint an authorized person and one or more deputies of the authorized person, and to notify the Financial Intelligence Department of the same within seven days from the date of appointment, or change of data on authorized persons. For obligated entities that have four or fewer employees, if an authorized person has not been appointed, the authorized person shall be considered the legal representative or another person who manages the affairs of the obligated entity, i.e. the responsible person of the obligated entity according to legal regulations. The decision on the appointment of an authorized person should contain the following data: name of the obligated entity, tax ID of the obligated entity, registered office of the obligated entity, first and last name of the authorized person and contact phone number, first and last name of the deputy authorized person and contact phone number and fax number.
