Anti-Financial Crime & Financial Crime Compliance
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NEWS: US sanctions Bulgarian government officials for ‘extensive involvement in corruption’

BULGARIA: The EU member was put under increased monitoring by FATF today as Albania, Panama, the Cayman Islands and Jordan came off the grey list.

By AML Intelligence Correspondent THE UNITED STATES has sanctioned five current or former Bulgarian government officials for involvement corruption. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the following individuals “for their extensive involvement in corruption in Bulgaria”: Rumen Stoyanov Ovcharov (Ovcharov), Aleksandar Hristov Nikolov (Nikolov), Ivan Kirov Genov (Genov),…

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