Bolivia's Ministry of Economy and Public Finance announced it has sent a draft bill to the Plurinational Legislative Assembly to incorporate technical observations from the Financial Action Task Force (FATF) and strengthen the legal framework for preventing money laundering and terrorist financing. The bill is intended to remedy a key gap identified by FATF, namely the absence of legislation enabling recommended special investigative techniques. The ministry linked the initiative to FATF and Moneyval discussions on 13 June 2025, after which Bolivia was placed under increased monitoring (the “grey list”) due to the lack of a law covering these investigative techniques. It recalled that Law No. 1386, enacted in August 2021, was repealed in November 2021, and that subsequent anti-money laundering legislative proposals submitted in September 2021 and February 2023, as well as other FATF-related provisions included in the 2024 budget bill, were not advanced in the Assembly. Bolivia formally committed in the 13 June 2025 FATF and Moneyval meeting to correct the identified deficiencies, with a two-year window to meet the recommendations. The minister urged the legislature to pass the proposed law and stated the government has provided technical inputs to support parliamentary review and debate.
Ministry of Finance (Bolivia) 2025-06-16
Bolivia's Ministry of Economy and Public Finance submits draft law to address FATF grey-list deficiencies on special investigative techniques
Bolivia's Ministry of Economy and Public Finance submitted a draft bill to the Plurinational Legislative Assembly to address FATF recommendations on money laundering and terrorist financing. The bill aims to fill a legislative gap identified by FATF, leading to Bolivia's increased monitoring status. The ministry emphasized the urgency of passing the law, following commitments made during the 13 June 2025 FATF and Moneyval meeting.