Bosnia and Herzegovina has been officially added to Moneyval’s “gray list” due to deficiencies in combating money laundering and terrorist financing. This makes it the only European nation, alongside Bulgaria, to receive this designation. The decision stems from the government’s failure to address identified risks and implement necessary reforms requested by the Council of Europe’s committee. Placement on the gray list is expected to have economic consequences for both citizens and businesses within the country. Increased monitoring and scrutiny of financial transactions are anticipated. The move signals a lack of sufficient safeguards against illicit financial flows. Further action will be required from Bosnia and Herzegovina to demonstrate adequate compliance and potentially be removed from the list.