Compliance and AML
Regulatory requirements for businesses grow every year. We build compliance systems for our clients that work — proportionate to risk, understandable to staff and defensible before supervisory authorities.
We help obliged entities under the Bulgarian Measures Against Money Laundering Act — financial and payment institutions, virtual asset service providers, accountants, real estate intermediaries, high-value goods dealers and others — meet the requirements for internal rules, risk assessment and customer due diligence.
We advise companies on identifying and registering their ultimate beneficial owners, prepare the required declarations and assist with reviews of corporate structures involving foreign persons.
We set up internal whistleblowing channels, conflict-of-interest and anti-bribery policies, as well as frameworks for compliance with the new cybersecurity requirements introduced by the transposition of the NIS2 Directive.
Our services
- Internal AML/CFT rules
- Enterprise-wide risk assessment
- Customer due diligence procedures (KYC/CDD)
- Identification and registration of ultimate beneficial owners
- Sanctions and politically exposed persons screening
- Internal whistleblowing channels and procedures
- Anti-bribery and conflict-of-interest policies
- Cybersecurity compliance (NIS2)
- Compliance health checks and staff training
- Representation during inspections by supervisory authorities
Our approach
We do not offer template documents. We examine the company's actual processes, identify the risks and draft rules that employees understand and apply. We conclude with training and a checklist for periodic review.
Frequently asked questions
Who is an obliged entity under Bulgarian AML law?
The scope is broad and includes, besides banks and payment institutions, accountants, tax advisers, lawyers in certain transactions, real estate intermediaries, providers of registered office services, virtual asset service providers, high-value goods dealers and others. We recommend an individual assessment of your status.
Must every company declare its beneficial owners?
Yes. Bulgarian legal entities are required to identify their ultimate beneficial owners, register their details in the relevant register and keep the information up to date upon every change.
Which companies need a whistleblowing channel?
The obligation covers private-sector employers above a minimum headcount, as well as certain companies regardless of headcount due to the nature of their activities. We will help you determine whether you are covered and how to set up the channel.
Need legal advice?
Get in touch — we will respond within one business day.