Regulatory Alerts2025-01-01
Decision on the Procedure and Method for the Exchange of Withdrawn Convertible Mark Banknotes
The Central Bank of Bosnia and Herzegovina issued this Decision to establish the procedures and timelines for exchanging withdrawn convertible mark (KM) banknotes. Commercial banks are authorized to perform exchanges until December 31, 2025, after which the Central Bank will handle exchanges until December 31, 2035. The regulation mandates strict identity verification, source-of-funds documentation, and reporting to authorities for transactions exceeding specific monetary thresholds to prevent money laundering and terrorism financing.
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