CONFISCATION OF PROCEEDS OF CRIME IN CRIMINAL LEGISLATION OF BOSNIA AND HERZEGOVINA FROM THE ASPECT OF SECURITY OF CITIZENS AND COUNTRY
CONFISCATION OF PROCEEDS OF CRIME IN CRIMINAL LEGISLATION OF BOSNIA AND HERZEGOVINA FROM THE ASPECT OF SECURITY OF CITIZENS AND COUNTRY

Summary/Abstract: Since Bosnia and Herzegovina became a member of the United Nations in spring of 1992 until its becoming a member of the Council of Europe ten years later, and even afterwards, the legal system of Bosnia and Herzegovina has been faced with the need to change or upgrade the institutes from earlier times, as well as to actively accept the institutes that have not been known to this region till nowadays. Having implemented the institute of the confiscation of assets and proceeds of crime is necessary for an adequate repressive and preventive action against contemporary forms of crime. The main reason why the most serious forms of crime appear, grow and keep existing is the acquisition of assets. Financial investigations are being efficient due to a fact that proceeds of crime are being confiscated and crime, as one of the basic forms of threatening the security of the modern state, is being reduced. An individual financially profiting from a crime is being confiscated gained assets and potential perpetrators are being proved that they cannot retain proceeds of crime, which ensures stronger sense of security and safety of citizens. In addition, the effectiveness of conducting financial investigations and confiscation of proceeds of crime is also reflected in the fact that it enables the re-establishment of a violated legal system and contributes to the security of the modern state. In the Republic of Srpska, by having the Law on confiscation of proceeds of crime entered into force in 2010, a legal framework for the efficient conduct of financial investigations has been created. Since then, significant results have been achieved in confiscation of proceeds of crime. This will be further discusses in this paper.

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