Following a request for technical assistance from Bolivia formulated in 2024 the EU AML/CFT Global Facility launched its first technical assistance activity on Anti-Money Laundering and Counter Terrorist Financing in August 2024, with a session on compliance with the Financial Action Task Force (FATF) Recommendation 8 on the non profit sector.

A scoping mission was scheduled in September 2024, where Bolivia and the EU Global Facility team will define the scope of engagement and specific needs of the country on various Anti-Money Laundering and Counter Terrorist Financing topics. It was decided that technical assistance activities would cover areas such as Immediate Outcomes 3 and 4, the non financial sector (lawyers, accountants, real state, …), Beneficial Ownership, Recommendation 8 and Intelligence into evidence, among others

The training and activities to be conducted by the EU Global Facility on AML/CFT will seek to help Bolivia to rectify its strategic deficiencies in its national anti-money laundering and counter-terrorist financing framework. as defined under the Fourth and Fifth Anti-Money Laundering Directives.