Police officers of the State Investigation and Protection Agency of Bosnia & Herzegovina have conducted 'Operation Banker' on the orders of the Cantonal Court and the Prosecutor's Office of Sarajevo Canton.

SIPA has submitted to the competent prosecutor's office a report on the alleged crimes of three bankers. It suspects that as employees of one of the commercial banks in Bosnia and Herzegovina, and between 2016 to 2019, they exceeded the limits of their regulatory authority regarding their personal accounts, made electronic purchases of foreign currencies according to wrongly quoted exchange rates which the suspects increased illegally and systematically before the sale.

The authorities say that the three systematically 'altered' the parity of currencies before transferring monies to their accounts that they had opened at various commercial banks in Bosnia and Herzegovina and that they knew that they were concealing the proceeds of crime and using it in different ways. In this way, they allegedly acquired unlawful property to the value of 1,094,626.30 convertible marks (US$614,651) and caused losses to one commercial bank in Bosnia and Herzegovina in the amount of 1,082,813.79 convertible marks (US$608,295).