Bulgarian gambling market against money laundering

Bulgarian gambling market against money laundering

Added:
Bulgarian gambling market against money laundering

Bulgaria fights money laundering and terrorism funding in collaboration with the NRA and the State Agency for National Security.

Bulgaria’s gambling sector works with the National Revenue Agency (NRA) and the State Agency for National Security. The notion was introduced during a public meeting by Director public Rumen Spetsov of the NRA, Bulgaria’s regulatory agency in charge of operator licensing and taxation.

To improve cooperation in addressing these problems, a number of initiatives were explored during the conference. In order to address regulatory processes and framework changes, one important consequence was the introduction of expanded collaboration obligations between NRA representatives and the gambling industry.

According to Spetsov, the NRA is committed to partnerships and is here to support companies in fulfilling their legal obligations. They appreciate the industry’s dedication to successfully combating and preventing the funding of terrorism and money laundering.

The Financial Action Task Force (FATF) is monitoring Bulgaria’s antimoney laundering (AML) activities because the country is currently on its grey list.

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