Bulgaria Has Been Added to the List of High-Risk Jurisdictions Under Increased Monitoring
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- By Chetan Kulasri
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- Last Updated on 3 November, 2023
Latest from Taxmann
Press Release no. 2023-2024/1223; Dated: 01.11.2023
FATF had earlier identified some jurisdictions as having strategic deficiencies. These jurisdictions were: Albania, Barbados, Burkina Faso, Cameroon, Cayman Islands, Gibraltar, Jordan, Panama etc. Now, Bulgaria has been added to the list of jurisdictions under Increased Monitoring while Albania, the Cayman Islands, Jordan and Panama have been removed from this list based on a review by the Financial Action Task Force (FATF).
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