top of page

Anti-Money Laundering (AML) and Compliance Assistance

At M&G Consult EOOD, we pride ourselves on our exceptional expertise in Anti-Money Laundering (AML) – a rare specialism among Bulgarian law firms. As Bulgarian AML laws evolve in alignment with global trends, AML compliance becomes increasingly critical for both financial institutions and non-financial businesses.

As obligated entities under AML law, both financial and non-financial businesses bear significant responsibilities, including monitoring, assessing, evaluating, and reporting suspicious activities. Government agencies may interact with these entities, conducting investigations or freezing assets, which can sometimes conflict with the interests and rights of customers and bystanders.

Our AML Services

  • Advice to Financial Institutions: We offer tailored advice to financial institutions on various aspects, including the distribution of financial products, fintech, new technologies, and more.

  • Advice to AML Obligated Entities: Our expertise extends to providing guidance to non-financial organizations obligated under AML laws.

  • AML Training: We offer comprehensive AML training, both in-person and online, customized to the needs of our clients and the latest regulatory requirements.

  • AML Readiness Verification and Audits: We assist clients in verifying their AML readiness through audits and assessments.

  • Legal Representation: Our team provides legal representation to obligated entities and individuals affected by enforcement actions, including asset freezes and data-related disputes.

  • National Point of Contact: We serve as the national point of contact with SANS and the Bulgarian National Bank for inquiries related to AML.

Additional Services

In addition to our core AML offerings, we provide a range of complementary services, including:

  • Customer Due Diligence: We assist in identifying individuals and companies, including ultimate beneficial owners (UBOs), and verifying the source of funds and wealth.

  • Consulting on Prevention: We offer consulting services on prevention strategies and the development of internal policies, documentation, and processes.

© 2024 M&G Consult EOOD. 

The M&G Consult EOOD logo
bottom of page