Parliament adopts new law on anti-money laundering measures, prohibits the opening of anonymous and fictitious accounts14 March 2018 | 14:22 | FOCUS News Agency
According to the law, money laundering is a transformation or transfer of property acquired from criminal activity in order to disguise its illegal origin. The new law introduces measures to prevent the use of the financial system for money laundering purposes. These include complex customer verification, collection and preparation of documents, storage of collected documents, assessment of money laundering risk. These measures are obligatory for the Bulgarian National Bank (BNB) and credit institutions operating on the territory of Bulgaria, as well as for payment service providers, financial institutions, currency exchange offices. The law prohibits the opening or maintaining of an anonymous account or account under a fictitious name, as well as of anonymous certificates of deposit.
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