Bulgaria is the latest country to be identified by the Financial Action Task Force (FATF) as a jurisdiction under increased monitoring for money laundering and terrorist and proliferation financing.
The FATF announced updates to its so-called “grey list” on Friday. While Bulgaria was the lone country added, four others—Albania, the Cayman Islands, Jordan, and Panama—were removed after satisfying certain recommendations put forward by the global money laundering and terrorism financing watchdog.
