CA-TAEC

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 news Project news

Supporting Bulgarian authorities with improving its Anti-Money Laundering and Countering the Financing of Terrorism Action Plan and ensuring its effective implementation

24 March 2022 Sofia, Bulgaria

Throughout the past few years, the Council of Europe Economic Crime and Cooperation Division (ECCD) has provided constant support to Bulgarian authorities in enhancing the jurisdiction’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) system through the identification of...

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Launching the NPO Sector Terrorist Financing Risk Assessment in Bulgaria

28 January 2022 Online

On 28 January 2022, the Council of Europe Economic Crime and Cooperation Division (ECCD) conducted an on-line training for the Bulgarian authorities on the implementation of the recently developed Council of Europe Methodology on the Non-Profit Organisations’ (NPOs) Sectoral Terrorist Financing...

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Workshop on conducting Sectorial Money Laundering and Terrorism Financing Risk Assessment of Virtual Assets and Virtual Assets Service Providers

15 November 2021 Online Workshop

On the 15th of November of 2021, the Economic Crime and Cooperation Division of the Council of Europe held a full-day online workshop to present and train the participants of nine countries on the recently developed Council of Europe Methodology for the Sectorial Assessment of Money Laundering...

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