Financial investigations in Bosnia and Herzegovina

Abstract

The financial investigation is conducted according to an urgent procedure and can be ended by submitting a request for the permanent confiscation of property. The paper discusses about the issue of ending the financial investigation and submitting a request to initiate the special procedure for confiscation of property. The importance of the financial investigation is reflected in the possibility of confiscation of property resulting from the commission of a criminal offense even if the criminal proceedings have not been completed. The court, ex officio, confiscates property acquired through criminal activity. For the successful completion of the financial investigation, it is necessary to prescribe a penalty for the responsible persons who refuse to provide information about income and property which is suspected to have been obtained through criminal act. The decision to suspend the financial investigation is not subject to judicial control. Interested parties, such as the injured party and the attorney's office in the procedure of confiscation of property have not the right to appeal on the decisions take in the property confiscation procedure and the right to object to a negative decision on the financial investigation.