Bulgaria Launches Anti-Money Laundering Initiative With Gambling

Bulgaria's National Revenue Agency has partnered with the State Agency for National Security to help launch a new joint initiative to fight money laundering and terrorist financing within the country, focusing on the gambling industry as a means of fighting crime.

The initiative was announced by NRA Director General Rumen Spetsov, who said that they're going to be working closely with those in the gambling industry to clamp down on criminal financing.

A workflow as to how the regulators will tackle the issues wasn't publicly made available.

Recently, the NRA said that they blocked more than 600 online betting sites for offering services in Bulgaria without a gaming licence. The regulator works to have sites voluntarily leave the market before issuing a court order to block the sites using ISP blockade orders.

In a statement, Spetsov said: "The NRA is focused on partnerships and is available to assist businesses when it comes to supporting their duties about the current legislation. We value the gambling industry's commitment to effectively counter and prevent money laundering and terrorism financing."

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.


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