Suspicious Transactions Worth 586 Million Discovered

30 September 2004

The Bureau for Prevention of Money Laundering of the B&H Financial Police, during the past two years, reported suspicious financial transactions worth over 586 million KM, states the Report on Terrorism in B&H, submitted to the UN.

"The Financial Police of the BH Federation and its Bureau for Prevention of Money Laundering, sent 33 reports on suspicious financial transactions in the first half of the year. The total amount covered by those transactiosn was 53.500.079 KM.

Last year, the samy body submitted 285 individual reports that amounted to the total fo 532,859,677 KM. Approximately four million KM were blocked after the additional investigation, under suspicion that they could have been used for financing of terrorist activities" states the Report prepared by the Ministry of the Interior of B&H.

Dragan Mektic, Deputy Minister of the Interior, said that the UN asked the B&H authorities to pay more attention to prevention of money laundering and control and prevention of financing of terrorist activities.

Ten humanitarian organizations with offices in Bosnia and Herzegovina, among them the "Global Relief Foundation", "Al Haramain Islamic Foundation", "Al Haramain & Al Masjad Al Agsa", "Sirat", "Džemijet El Furkan", "Bosanska idealna futura" i "Benevolence International Fondation", (all from Sarajevo), and "Taibah International Aid Association" from Hadzici, "Vezir" from Travnik i "Istikamet" from are suspected of providing support for terrorist activities. Some of them were already included in the UN list of organizations that support the Al Q'aida terrorist network.