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SARAJEVO: Global anti-money laundering watchdog the Financial Action Task Force (FATF) said on Friday it had put Bosnia on a “grey list” of countries under increased monitoring.
The move came after MONEYVAL, the Council of Europe’s body evaluating government efforts to combat money laundering and terrorism financing, identified a “number of deficiencies”.
Moneyval’s partners FATF maintains a list of countries with deficient systems to combat financial crime.
Grey list nations are considered to have “strategic deficiencies” in countering money laundering and terrorist financing, while however cooperating with the FATF to correct the problems.
