The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) published a follow-up report concluding that Bulgaria has further strengthened its preventive anti-money laundering and counter-terrorist financing (AML/CFT) framework and improved compliance with several Financial Action Task Force (FATF) Recommendations. Overall, Bulgaria is now rated compliant or largely compliant with 32 FATF Recommendations, with the remaining eight rated partially compliant. The report records improvements since the previous monitoring report in Bulgaria’s compliance with FATF standards on targeted financial sanctions related to terrorism and terrorist financing, customer due diligence, transparency and beneficial ownership of legal persons, regulation and supervision of designated non-financial businesses and professions, and guidance and feedback. MONEYVAL notes that Bulgaria did not request a re-rating for the partially compliant Recommendations on confiscation and provisional measures, terrorist financing offence, targeted financial sanctions related to proliferation, non-profit organisations, correspondent banking, new technologies, sanctions, and mutual legal assistance freezing and confiscation, and the follow-up report does not cover these areas. Bulgaria is expected to report back to MONEYVAL within one year on progress in strengthening implementation of AML/CFT measures.
Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) 2025-06-17
Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism finds Bulgaria compliant or largely compliant with 32 FATF recommendations
MONEYVAL's follow-up report shows Bulgaria has improved its anti-money laundering and counter-terrorist financing framework, achieving compliance or large compliance with 32 Financial Action Task Force Recommendations. Notable improvements include targeted financial sanctions, customer due diligence, and transparency of legal persons. Bulgaria did not seek re-rating for eight partially compliant Recommendations and will report back to MONEYVAL within a year on further progress.