Bulgaria and Monaco Removed from FATF's Grey List

Published 2026-10-31

MONEYVAL, the Council of Europe's body for combating money laundering and the financing of terrorism, welcomed the decision of the Financial Action Task Force (FATF) to remove Bulgaria and Monaco from the so-called "grey list." This is a list of countries whose systems for combating money laundering and the financing of terrorism are considered weak and which are under increased monitoring.

According to MONEYVAL, the decision shows that Bulgaria has made important changes to its legal and institutional framework for protecting the financial system. The body notes that the country has fulfilled the commitments that FATF had defined as necessary for exiting the list.

Being removed from the "grey list" is important for the country, because it shows that the financial system is more reliable for international partners. Such a decision can help banks and businesses in international transactions, as it reduces risks and additional checks on money transfers.

Monaco was also removed from the same list. MONEYVAL welcomed this outcome as well, emphasizing that both countries had worked on specific recommendations within the evaluation process.

In itself, leaving the list does not mean that the problems have been finally resolved. Work to comply with international standards continues, and MONEYVAL and FATF will continue to monitor the implementation of the measures taken.

Sources: BTA.bg

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