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EC Issues Updates on Five Infringement Procedures against Bulgaria

bta.bg · 4h · first reportShare

The European Commission presented on Friday updates on five infringement procedures against Bulgaria concerning energy, money laundering, drugs, consumer rights and environmental protection. The European Commission decided to open infringement procedures by sending a letter of formal notice to Belgium, Bulgaria, Czechia, Germany, Estonia, Greece, Spain, France, Croatia, Cyprus, Lithuania, Luxembourg, the Netherlands, Austria, Poland, Portugal, Romania and Finland for failing to fully notify national measures transposing certain provisions of the sixth Anti-Money Laundering (AML) Directive by July 10. The provisions would allow the Member Statese to provide access to beneficial ownership registers for competent authorities, self-regulatory bodies, obliged entities and for persons with a legitimate interest. The gradual implementation of the sixth AML Directive is essential to addressing weaknesses in the Union's financial system and to ensuring that all Member States consistently and ef