According to “Serbian Economist,” the Financial Action Task Force (FATF) has added Bosnia and Herzegovina to the list of jurisdictions under enhanced monitoring—the so-called “gray list.”
At the same time, Iraq was also added to the “gray list.”
According to the FATF, countries on the “gray list” have strategic deficiencies in their systems for combating money laundering, terrorist financing, and the financing of the proliferation of weapons of mass destruction, but are committed to addressing these issues within agreed-upon timeframes.
FATF President Elisu de Anda Madrazo stated that Bosnia and Herzegovina must strengthen the protection of its financial system against exploitation by criminals and terrorists, as well as ensure more effective oversight of the banking sector.
This is a significant signal for the region. Bosnia and Herzegovina remains part of the Western Balkan economic space, closely linked to Serbia, Croatia, Montenegro, and EU countries through banking, trade, remittances from the diaspora, transportation, construction, and small businesses.
Being placed on the “gray list” does not imply sanctions or a ban on transactions, but it typically leads to stricter compliance requirements on the part of banks and financial institutions. International payments, opening accounts, servicing companies, transfers, and transactions with counterparties from such a jurisdiction may be subject to additional checks.
This is important for Serbia for two reasons. First, Bosnia and Herzegovina is a neighboring market and a key destination for regional trade. Second, Serbian banks, companies, and exporters working with partners in Bosnia and Herzegovina may face more detailed inquiries regarding the origin of funds, ownership structure, beneficial owners, and the purpose of payments.
From a practical standpoint, businesses working with Bosnia and Herzegovina should prepare transaction documents in advance, verify the authenticity of goods and services, and properly draft contracts and payment justifications. This applies particularly to financial services, trade, real estate, logistics, import-export, and companies with complex ownership structures.
For reference: as of June 19, 2026, the current FATF “gray list” includes Angola, Bolivia, Bosnia and Herzegovina, Bulgaria, Cameroon, Côte d’Ivoire, the Democratic Republic of the Congo, Haiti, Iraq, Kenya, Kuwait, Laos, Lebanon, Monaco, Nepal, Papua New Guinea, South Sudan, Syria, Venezuela, Vietnam, the British Virgin Islands, and Yemen.
The FATF blacklist—that is, the list of high-risk jurisdictions for which the FATF calls for enhanced measures or countermeasures—includes North Korea, Iran, and Myanmar.
Bosnia and Herzegovina, COMPLIANCE, FATF, financial monitoring, SERBIA
The manufacturer of ambulance vehicles Avtospetsprom LLC (Kyiv region) has received a certificate of compliance from the French company Groupe PSA.
According to a press release from Avtospetsprom, the certification was carried out by the French inspection and certification company Bureau Veritas. The criteria were divided into groups, compliance with which was measured on a 100-point scale. Avtospetsprom received a score of 93 points for the production process, 92 points for quality control and 93 points for the supply chain.
“With an average score of 90 in all parameters, the company received the highest third level of assessment. This is the first time in history of the country when a document of this level was received by a Ukrainian company that converts the base chassis into ambulances. The certificate testifies that the quality of ambulance vehicles assembly at Avtospetsprom LLC fully complies with the requirements of Groupe PSA,” the company reports.
As the Interfax-Ukraine agency was told by the company, since the beginning of 2020, Avtospetsprom has produced 210 ambulances. In 2019, the company produced over 700 ambulances of all types.
Avtospetsprom LLC has been operating since 2012, it is one of the leading manufacturers of emergency (ambulance) medical care vehicles and the main supplier of such vehicles for public and private medical institutions in Ukraine.
In April and May 2020, the second largest autoproducer in Europe, Groupe PSA, together with Avtospetsprom, implemented a campaign to assist the Ministry of Health of Ukraine and regional medical institutions in maintaining the proper technical condition of Peugeot and Citroën ambulances. The companies jointly repaired 100 ambulances.
