https://cordmagazine.com/news/eu-ambassador-soreca-calls-for-urgent-strengthening-of-anti-money-laundering-measures-in-bih/

European Union Ambassador to Bosnia and Herzegovina Luigi Soreca has stressed the pressing need for Bosnian authorities to bolster the fight against money laundering and terrorist financing, cautioning that failure to address existing gaps within the next two months could trigger increased international scrutiny — known as greylisting — with negative consequences for market access, foreign investment and participation in the Single Euro Payments Area (SEPA).

Speaking with business leaders in Sarajevo, Soreca underscored that stronger anti-money laundering frameworks are essential not only to protect the integrity of Bosnia’s financial sector but also to enhance confidence among international partners and investors. He highlighted that deficiencies in current systems risk eroding Bosnia’s economic competitiveness and could deter capital inflows crucial for post-pandemic growth.

Alongside the call to strengthen financial crime prevention, the ambassador also flagged delays related to implementing the EU’s Carbon Border Adjustment Mechanism (CBAM) as another challenge with potential economic costs. Soreca praised proactive engagement by the domestic business community and urged state institutions to act swiftly on both fronts to safeguard Bosnia’s economic reputation and align more closely with EU standards.