Quick Answer KYC (Know Your Customer) refers to the mandatory identity and ownership verification procedures that banks, accountants, lawyers, and other regulated professionals in Bulgaria must carry out under anti-money laundering law. The process is structured, risk-based, and ongoing. Companies that approach it with accurate documentation and a clear ownership structure will find it straightforward. […]
Quick Answer An Ultimate Beneficial Owner (UBO) in Bulgaria is the natural person who ultimately owns or controls a company, typically through holding 25% or more of shares or voting rights, or exercising control by other means. UBO information must be declared in the Bulgarian Commercial Register and kept up to date under the Measures […]
Last reviewed and updated: March 2026 Quick Answer Anti-Money Laundering in Bulgaria is governed by the Measures Against Money Laundering Act (MAMLA), which implements the EU Anti-Money Laundering Directives into national law. The framework requires banks, accountants, lawyers, and other regulated professionals to apply risk-based compliance procedures when engaging with clients. While most companies are […]