site.btaCoordination Council for Countering Money Laundering, Terrorism Financing Holds Meeting

The Coordination and Cooperation Council for the implementation of the national mechanism for policy determination and coordination in countering money laundering and terrorism financing held a meeting at the Council of Ministers, the Cabinet press office said here on Tuesday.

The meeting was chaired by Deputy Prime Minister and Finance Minister, Lyudmila Petkova. Since October 2023, when Bulgaria made a high-level political commitment to implement the necessary legal, regulatory and operational reforms, the country has taken steps towards improving its anti-money laundering and counter-terrorism financing (AML/CFT) regime. Decisions were adopted on concrete actions on the outstanding measures included in the Financial Action Task Force (FATF) and in the Action Plan for the implementation of the Strategy for Countering Money Laundering and Terrorism Financing in the Republic of Bulgaria 2023-2027.

The meeting focused on specific steps to improve coordination among the relevant authorities and institutions, as well as the need to accelerate the completion of the remaining measures to ensure that Bulgaria is removed from the so-called "grey list" as soon as possible.