MONEYVAL: Bulgaria has improved its legal framework to prevent money laundering, terrorist financing

Bulgaria has strengthened its legal framework to prevent and combat money laundering and the financing of terrorism, concludes MONEYVAL, the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, in a follow-up report released on June 17.

MONEYVAL finds that, since the previous monitoring report adopted in June 2025, Bulgaria has improved its technical compliance with eight Financial Action Task Force (FATF) recommendations on confiscation and provisional measures, the terrorist financing offence, targeted financial sanctions related to proliferation, non-profit organisations, correspondent banking, sanctions and mutual legal assistance.

Since MONEYVAL adopted its mutual evaluation report on Bulgaria in April 2022, the authorities have taken numerous steps to strengthen the country’s legal framework to counter money laundering and terrorist financing.

As of today, Bulgaria has been rated as compliant on 13 recommendations and largely compliant on 27 recommendations.

In line with its rules, MONEYVAL has closed the fifth evaluation round for Bulgaria, given that the country has implemented all 40 FATF recommendations at the level of compliant or largely compliant.

(Photo: Bulgaria’s Interior Ministry)