Samir Omerhodzic

The Council of Europe's expert committee on money-laundering issues, Moneyval, warned on Sunday that financial institutions should take precautions when conducting financial transactions with Bosnia.

Moneyval, the Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, has given Bosnia an extended deadline until June to adopt a law on money laundering.

Samir Omerhodzic, member of the Bosnian delegation, said the country could be blacklisted unless the law was adopted by then.