Stakeholders from the Bulgarian gaming sector will participate in a new initiative aimed at combating money laundering and the financing of terrorism (AML/CTF)
The NRA, which is responsible for regulating and licensing operators, will present the initiative together with a general meeting organized by General Director Rumen Spetsov.
During the meeting, there was extensive discussion of a variety of strategies that gambling industry authorities and their members can adopt to combat money laundering and terrorist financing.
One of the key outcomes was the establishment of a commitment to strengthen cooperation between representatives of the NRA and the gaming industry in order to resolve any problems associated with regulatory procedures and changes in the system.
Rumen Spetsov noted: “The NRA is focused on partnerships and is available to assist businesses when it comes to supporting their duties in relation to current legislation. We value the commitment of the gambling industry to effectively counteract and prevent money laundering and terrorism financing.”
The Financial Action Task Force (FATF) is closely monitoring AML developments in Bulgaria, as the country is currently on the gray list.
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