Balgarianovinite.com Bulgaria complies with all international standards in the fight against money laundering and terrorist financing, MP Temenuzhka Petkova said in a declaration on behalf of the GERB-UDF parliamentary group on Thursday.
Petkova said that on Wednesday the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) announced the completion of its fifth round of evaluations of Bulgaria.
On Wednesday, it was reported that MONEYVAL had concluded the Fifth Evaluation Round for Bulgaria and found that the country had achieved either ‘compliant’ or ‘largely compliant’ ratings on all 40 recommendations of the Financial Action Task Force (FATF). According to MONEYVAL’s conclusions, Bulgaria has strengthened its legal framework for preventing and combating money laundering and terrorist financing.
Petkova recalled that in October 2023 the Financial Action Task Force placed Bulgaria on its so-called “grey list”, a move which she said had caused significant reputational damage to the country. According to the GERB-UDF declaration, the listing resulted in losses for Bulgarian businesses and discouraged foreign investors from creating jobs in the country, while Bulgaria was subjected to enhanced international monitoring.
Petkova said that the final assessment showed Bulgaria had fulfilled all 40 of MONEYVAL’s recommendations. She added that the Financial Action Task Force is expected to issue its decision by the end of 2026 following the evaluation.
According to her, the Committee acknowledged Bulgaria’s efforts and the extensive reforms carried out in the Penal Code and the Criminal Procedure Code to modernize and strengthen the legal framework against money laundering and terrorist financing. She also highlighted the introduction of procedures for asset confiscation and the imposition of precautionary measures on bad-faith third parties within criminal proceedings.
The former finance minister argued that under Rosen Zhelyazkov’s government Bulgaria had completed all recommendations and was now on the verge of being removed from the FATF grey list by the autumn of 2026.
Petkova said that the achievement was not the result of good intentions alone, but of difficult decisions, consistent reforms, and political determination. Reforms produce results when there is sufficient will to see them through to completion, she added. Bulgaria Meets All International Standards on Combating Money Laundering and Terrorist Financing, GERB-UDF Says 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-06-18 08:21:10 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law