SRSP - Enhancing capabilities of Bulgarian authorities to effectively mitigate money laundering and terrorist financing risks
Through the Council of Europe (CoE) and the European Commission’s Directorate General for Structural Reform Support (DG REFORM) joint project “Enhancing capabilities of Bulgarian authorities to effectively mitigate money laundering and terrorist financing risks”, the Economic Crime and Cooperation Division is assisting Bulgarian authorities with enhancing their national AML/CFT framework to effectively mitigate money laundering and terrorism financing risks. This effort represents a follow-up to the previous cooperation on conducting the National Money Laundering/Terrorist Financing Risk Assessment in Bulgaria (NRA). The project started on 17 July 2020 and is expected to last for 24 months.
Through tailored activities, the project seeks to contribute to:
- Enhancing the understanding of AML/CFT risks affecting Bulgaria;
- The development and implementation of effective AML/CFT risk mitigation mechanisms.
Areas of specific focus include the development of the NRA Action Plan, update to Bulgaria’s National ML/TF Risk Assessment (NRA), high-risk sectoral risk assessments, and regulation of virtual assets and virtual assets service providers.
The total project budget 458,889 Euros.
- Project Summary
- Reports
- Deliverables
Closing Conference of the Structural Reform Support Programme (SRSP) initiative for Bulgaria
The Council of Europe’s Economic Crime and Cooperation Division (ECCD) organised the online Closing Conference of the Structural Reform Support Programme (SRSP) initiative “Enhancing capabilities of Bulgarian authorities to effectively mitigate money laundering and terrorist financing risks”, on...
Representatives of three EU Member States shared expertise and were provided practical guidance on assessing ML/TF risks related to legal entities
On 28 November 2022, the Council of Europe’s Economic Crime and Cooperation Division (ECCD) organised in collaboration with the European Commission Directorate General for Structural Reform Support (DG REFORM) and the Financial Intelligence Unit of Slovakia a workshop on ML/TF Risk Assessment of...
Awareness raising workshop on ML/TF risks associated with Politically Exposed Persons in Bulgaria
On 17 November 2022, the Council of Europe’s Economic Crime and Cooperation Division organised an awareness-raising workshop on Money Laundering and Terrorist Financing (ML/TF) risks associated with Politically Exposed Persons (PEPs). The event took place in Sofia, following a number of targeted...
Unit for EU Member States & Neighbourhood
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Mr Edmond DUNGA
Phone: +33 (0)3 90 21 66 52
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Mr Tomislav SERTIC
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Ms Sabina SINJEREAN
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Email: Sabina.SINJEREAN [at] coe.int