Bosnia and Herzegovina further strengthens its capacity to combat terrorist financing

A three-day training course aimed at further strengthening Bosnia and Herzegovina (BiH) capacity to counter terrorist financing ended on October 21, 2021, the OSCE Mission to BiH said in a press release.

Organized by the OSCE and the United Nations Office on Drugs and Crime (UNODC), in cooperation with the OSCE Mission to Bosnia and Herzegovina, the residential training course was led by international experts and eight local trainers who were trained through an OSCE-UNODC trainer training program. Participants included experts from the BiH Ministry of Security, the BiH Prosecutor’s Office, the State Investigation and Defense Agency, the Federation of BiH Ministry of Interior, the Republika Srpska Interior Ministry and the Brčko District Police. Of the 23 participants, 17 were trainers and eight were local trainers.

“Better coordination and use of financial intelligence and operational data, as well as information obtained from the analysis of law enforcement agencies, knowledge enhancement, enhanced cooperation between institutions and agencies in Bosnia and Herzegovina, can greatly contribute to effective cessation of terrorist financing channels, “said Ivana Veselčić, BiH Assistant Minister of Security, in her opening remarks.

Based on country and region scenarios, the trainees studied international, regional, and national threats, the financial requirements of a terrorist organization, sources of financial information, and cash flows. More than half of the course was devoted to practical work using exercises and case studies tailored to the situation in the country, emphasizing the key role of inter-agency cooperation in combating terrorist financing. Western Union, a private financial services company, highlighted the importance of public-private partnerships.

The course was the first module of a comprehensive multi-annual OSCE-UNODC training program, which aims to further improve BiH’s framework for Combating the Financing of Terrorism and build the country’s capacity to fully comply with international commitments and standards. , to prevent the movement, raising and possession of funds for terrorist activity.

The course was organized with the financial support of the United States.

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