Bulgaria commits to actively investigating the link between corruption and organised crime. Organised criminals use the proceeds from illicit market activities and contraband to influence the judiciary, law-enforcement, central and local government, and the media in order to facilitate their criminal activities, launder proceeds, or win public contracts for their legal fronts. Profits from public contracts awarded to companies linked to organised crime are used to finance VAT fraud schemes or the illicit trade in excise tax goods or drugs. Seizing the profits of organised criminals and denying access to public contracts of their front companies is key to tackling corruption.
Status: no data
Themes: Beneficial ownership
Last updated: December 2020
Concrete: Somewhat Concrete | New: Not New | Ambitious: Ambitious
No positive change. There is no publicly available evidence that the beneficial ownership data from the Commercial register is being used by public contracting authorities for exclusion of dishonest economic operators from public procurement procedures.
Peer reviewer: 1
Updated: October 31, 2020
On the 9th January 2020, the Bulgarian State Agency for National Security (SANS) issued the national risk assessment of money laundering and terrorist financing which also looks at how organised crime launder proceeds. There is a piece of communication (published as a downloadable pdf), however, the full information is not available to the general public because it contains classified information. So for the general public, the SANS provided a Summary and a Risk Mapping. Despite this being some progress, the document still lacks “strategy and useful measures for limiting and monitoring the risks for money laundering and terrorist financing” as it is stated in the publication – no mitigation measures can be found.
Peer reviewer: 1
Updated: April 30, 2020
No change since spring 2019
Updated: October 30, 2019
No updates- so far no particular solution has been proposed, a mechanism is not in place to limit the access of "dirty money" into the public governance process through the public procurement system.
Updated: May 30, 2019
No change since spring 2018
Updated: October 30, 2018
This is the most important commitment, but so far no particular solution has been proposed, a mechanism is not in place to limit the access of "dirty money" into the public governance process through the public procurement system
Updated: June 30, 2018
October 2018 update: No change since spring 2018.
June 2018 update: .