Managing Terrorist Financing Risk in the NPO Sector: Bulgaria

ON 16–17 June 2021, Project CRAAFT convened an online workshop for Bulgarian stakeholders on protecting the Bulgarian not-for-profit organisation (NPO) sector from abuse for terrorism financing (TF). This workshop reinforced the international standards set out by the Financial Action Task Force (FATF) on TF abuse of NPOs, and by bringing together representatives of the public sector, financial institutions and NPOs themselves, created space for open dialogue between these actors where there is rarely an opportunity to do so. Recognising Bulgaria’s upcoming mutual evaluation by MONEYVAL, with an on-site visit scheduled for September 2021, this workshop constituted a response to the Bulgarian FIU’s request to improve the understanding of TF risks and responsibilities in relation to NPOs across the three sectors.  

Read a more in depth summary from our partners at the Bulgarian Center for Not-for-Profit Law (BCNL) here.