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2 clusters · 10 sources · 3 days · First seen 24 days ago · Last updated 22 days ago

Bosnia and Herzegovina Moneyval grey list impact

Overview

Three months after Bosnia and Herzegovina was placed on the Moneyval grey list for strategic deficiencies in combating money laundering and terrorist financing, the nation’s banking and economic sectors are facing significant disruptions.

International financial transactions have slowed considerably, with cross-border payments increasing from a 48-hour window to between 7 and 10 days due to mandatory checks. Edis Ražanica, director of the Association of Banks of Bosnia and Herzegovina, stated that these administrative burdens “increase the costs of realizing transactions.”

The economic consequences include a 3 percent decline in foreign direct investment and a roughly 10 percent decrease in cross-border payment volume. Experts suggest the reduction in capital inflows could impact GDP by as much as 7 to 8 percent, creating risks for exporters regarding liquidity, financing costs, and revenue collection. Furthermore, the grey list status poses a reputational risk that may deter new foreign investors and increase financing costs for local companies.

Entities

Bosnia and Herzegovina · FATF · Damir Uzunović · Moneyval · University of Mostar

Claims

What the coverage asserts, and how many sources carry each claim.

Coverage disagrees

Sources make claims that cannot both be true. CLSTR reports the disagreement; it does not decide who is right.

"International transactions that previously took 48 hours now take between 7 and 10 days due to additional checks."

vs

"Transaction times for some businesses have increased from 24-48 hours to 72-96 hours."

The claims provide different timeframes for the increase in international transaction durations (7-10 days versus 72-96 hours).

[DISPUTED] International transactions that previously took 48 hours now take between 7 and 10 days due to additional checks.
[DISPUTED] Transaction times for some businesses have increased from 24-48 hours to 72-96 hours.
[● 2 SOURCES] Foreign direct investment has decreased by 3 percent.
[● 2 SOURCES] The impact of the capital inflow drop on GDP could be between 7 and 8 percent during the stay on the grey list.
[● 2 SOURCES] Cross-border payment traffic has decreased by approximately 10 percent.
[○ 1 SOURCE] Bosnia and Herzegovina has been on the FATF grey list since June.

Timeline

22 days ago

[BUSINESS] 4 sources
Bosnia and Herzegovina economy faces impact from Moneyval grey list
Bosnia and Herzegovina faces economic strain three months after joining the Moneyval grey list, with international payment delays increasing from 48 hours to up to 10 days and foreign investment dropping by 3%.
24 days ago

[BUSINESS] 7 sources
Bosnia and Herzegovina publishers struggle with high VAT and costs
Publishers in Bosnia and Herzegovina face economic strain due to a 17% VAT rate, lack of state support, and competition from untaxed imports from neighboring countries.

Sources

bl-portal.com · bosnainfo.ba · bug.ba · jajce-online.com · makfax.com.mk · n1info.ba · oslobodjenje.ba · srpskainfo.com · vijesti.ba · zvornicki.ba

This summary has been updated 1 time: see revision history