BULGARIA’S PROGRESS ON MONEY LAUNDERING IS SLOW – WITH COURTS A REAL PROBLEM
December 1st, 2010
BY MARK ROWEAND ZLATKO ?ONKA?
IT is easy to see why the European Commission is upset over money laundering in Bulgaria, a key consequence of the widespread corruption bedevilling the country before and since it joined the European Union (EU) in 2007.
Anti-money laundering (AML) activity in Bulgaria appearsluggish. Bulgaria's most recent amendments to its AML legislation came in 2006 - just ahead of EU accession. One was decree no 201, on'rules implementing the law on measures against money laundering'. This tightened regulations on identifying and verifying ...
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