REAL OWNERSHIP IN BIH – LEGAL FRAMEWORK AND IMPLEMENTATION

Review of the legal framework and its implementation in the field of regulation of beneficial ownership (Beneficial Ownership).The analysis showed that BiH, through the current Law on Prevention of Money Laundering and Financing of Terrorist Activities, partially regulated the issue of real property. However, the area is not in line with international standards, especially in the area of establishing a single register of beneficial owners, which does not exist in BiH.The area of real property is legally fragmented, and requires unification of provisions in accordance with international standards. By establishing a single register of beneficial owners, BiH would harmonize its practice with international standards in the area of preventing money laundering and terrorist financing, create legal security for taxpayers and businesses, and increase transparency and control by law enforcement agencies.