Kemal Čaušević Acquitted Of Money Laundering But Will Lose BAM 1.72 Million In Proceeds of Crime To Be Confiscated From Him
While acquitted of charges of money laundering, the first instance conviction against Kemal Čaušević, the former director of the Indirect Taxation Authority (ITA) for receiving a gift was upheld, for which he was sentenced to five and a half years in prison. The proceeds of BAM 1.7 million shall be confiscated from Čaušević.
Cash Leaking Through Permeable Borders of BiH
In three years, passengers illegally took at least BAM 37.6 million from BiH to neighboring countries in front of customs officers. The authorities do not know that the money’s gone or where it came from, because its origin is not checked even in cases of legal transfer.
