According to a statement released by SIPA, the white collar crime department of this highest police institution pressed charges against 52 persons suspected of being involved in money laundering.
SIPA refuted allegations that there were about 4,000 phantom companies which laundered money in Bosnia last year.
The agency admitted that money laundering by phantom companies used to be widespread while the country's entities were completely independent in conducting their financial and tax polices without any coordination at the state level. According to SIPA, this practice is over.