The Council of the EU


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MS Position: Bulgaria Council of the European Union

Proposal for a Directive of the European Parliament and of the Council on the prevention of the use of the financial system for the purpose of money laundering and terrorism financing. The People's Republic of Bulgaria warmly welcomes the Commission's proposal on the money laundering and supports it mostly. Due to her geo-strategic location as an entry point into Europe, Bulgaria is confronted with significant attempts of money laundering. Bulgarian criminals use especially tourism, gaming and construction industries in order to launder money. In this regard, we fully brace the Commission in her intention to create more transparency in financial systems by publishing information’s about the beneficial owner of any legal entity that falls under the scope of the Proposal as we also consider that the rig...

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