Development of the Asset Recovery Strategy in Bosnia and Herzegovina

21 June, Igman, Bosnia and Herzegovina: With the support of UNODC, the Federation of Bosnia and Herzegovina (FBiH) initiated its work on the development of the Strategy and Action Plan for the Confiscation of Proceeds of Crime. This strategic policy document stems from a legal obligation prescribed in the FBiH Law on Confiscation of Proceeds of Crime, and will result in a systematic and comprehensive approach to the implementation of asset recovery policies.

The process is led by the FBiH Asset Management Agency, supported by expertise from the Constitutional and other instance courts, High Judicial and Prosecutorial Council, other legal practitioners and the academia that form the working group for the Strategy development. Police and financial investigators as well as the international community including EU and OSCE also took part in the discussions.

The discussions revolved around areas that would form the body of the future Strategy, with specific focus given to relevant court practices, establishment of specialized departments in prosecutor‘s offices and areas of additional capacity building support, including by UNODC in line with the best practices from the region and beyond.

This activity is a part of the project „From Illicit Financial Flows to Asset Recovery”, generously supported by the UK Government and contributes to SDG Target 16.4, to significantly reduce illicit financial and arms flows, strengthen the recovery and return of stolen assets and combat all forms of organized crime.