The European Central Bank published a communiqué on Bulgaria regarding the inclusion of the Bulgarian lev in the Exchange Rate Mechanism and the country’s decision to join the Banking Union in conjunction with the implementation of certain measures, including an anti-money laundering framework.
The European Commission published a country report on Bulgaria for 2020, which assesses the country’s progress on structural reforms such as efforts to improve the supervision and enforcement of anti-money laundering measures.
European authorities have launched proceedings against Cyprus and Malta following the latest revelations of criminal abuse of citizenship-by-investment programs in the EU’s two southernmost jurisdictions, and opened an inquiry into Bulgaria, which offers a similar scheme.
Julius Baer employees face industry ban for roles in corruption scandals, U.S. prosecutors investigate Miami bankers for PDVSA theft, and more, in the midweek roundup.
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|Compliant : 12||High :|
|Largely Compliant : 27||Substantial :|
|Partially Compliant : 9||Moderate :|
|Non-Compliant : 0||Low :|
|Not-Applicable : 1|
|Rank : 138/141|
|Score : 3.12/10|
|Rank : 74/180|
|Score : 43/100|
|Rank : 115/133|
|Score : 49/100|