Foreseen pro-active obligations of the Bulgarian companies with respect to the provisions of the new Measures against Money Laundering Act (MMLA):
- Announcement of the ultimate beneficial owner with the Bulgarian Commercial register/Bulstat register
1.1.Statutory deadline for entry of data regarding the ultimate beneficial owners.
1.2.Companies/Entities exempted from the obligation for entry of data regarding the ultimate beneficial owners
- Legislative amendments with respect to the announcement of the ultimate beneficial owners before the Commercial register and the Bulstat register
- Penalties for noncompliance with the obligation for announcement of the ultimate beneficial owners of a company with the Commercial register/Bulstat register
Newsletter 04/2018