BULGARIA APPLIES BOTH 4 AND 5AMLD BUT CONCERNS REMAIN OVER EFFECTIVENESS OF ITS AML/CFT APPROACH
February 1st, 2020
IMPROVING on performance in AML/CFT is never a simple process, and that is especially a case with a country such as Bulgaria which has had a long-standing corruption problem, causing this east European country to be under special monitoring by the European Commission from the day it joined the European Union (EU) in 2007. Only last October (2019) did the EU executive feel sufficiently confident in Bulgaria’s anti-corruption laws and policing for it to recommend that this special monitoring, involving regular detailed reports, to be ended. See ...
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