Is the reported progress on the recommendations tangible?
The FATF identifies jurisdictions with weak measures to combat money laundering and terrorist financing (AML/CFT) in two FATF public documents that are issued three times a year. The FATF’s process to publicly list countries with weak AML/CFT regimes has proved effective. As of February 2025, the FATF has reviewed 139 countries and jurisdictions and publicly identified 114 of them. Of these, 86 have since made the necessary reforms to address their AML/CFT weaknesses and have been removed from the process.
North Korea, Myanmar and Iran remain on the blacklist, high risk, as of 13.06.2025.
It is therefore surprising that in 2025, especially after the Commission’s positive report on the adoption of the euro and with Croatia, Mali and Tanzania removed from the FATF grey list, Bulgaria remains the only European country on it.
