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Bulgaria: Bank Secret Wobbles
Politics ♦
Published: October 3, 2012; 17:02 ♦ (Vindobona)
The Bulgarian National Bank warns of an easing of the bank secret. The Bulgarian Parliament argues that the bank secret protects money laundering activities.
Bulgaria: Bank Secret Wobbles / Picture: © Vindobona.org
The Bulgarian National Bank and the Bulgarian Banking sector criticize the planned modification of the law. The Bulgarian investigation authorities should be issued with all legal powers to fight against money laundering. The National Bank argues that this would endanger the bank secret.
Not only the National Bank, but also investors, insurance companies and certified accountants…
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