SIPA Filed Criminal Report against Three Individuals for Money Laundering to Prosecutor’s Office B&a

As part of the intensive work on financial crime cases, police officials of the State Investigation and Protection Agency filed a criminal report against three individuals on 30/06/2016.

The criminal report was filed due to grounds for suspicion that these individuals have committed the criminal offence under Article 209 of the CC B&H “Money Laundering” in a manner that they placed the amount of 1.6 million EUR in the legal financial flows of B&H, opened accounts, established a legal entity and carried out a number of cash withdrawals and domestic and international money transfers for the purpose of concealing the true nature and origin of the money.  A part of the funds amounting to 900.000 EUR was blocked based on the Decision of the Court B&H at the proposal of the State Investigation and Protection Agency.

A close cooperation has been established with foreign law enforcement agencies in this case.