MONEYVAL’s Follow-up Report confirms Bulgaria has strengthened its AML/CFT framework, achieving compliant or largely compliant ratings across all 40 FATF Rec., concluding its 5th Evaluation Round

The follow-up report records stronger technical compliance on confiscation and provisional measures, terrorist financing offences, proliferation-related targeted financial sanctions, non-profit organisations, correspondent banking, sanctions and mutual legal assistance. Bulgaria now holds 13 compliant and 27 largely compliant ratings, prompting MONEYVAL to close the country’s fifth evaluation round while leaving effectiveness outside the scope of this…