The Bulgarian National Bank adopted changes against money laundering and terrorist financing. The amendments widen the scope of assessed entities for which competent authorities should also apply risk-based supervision, including crypto-asset management companies. Guidance is also included on the sources of information that competent authorities should consider when assessing the money laundering and terrorist financing risks associated with cryptoasset service providers. This was announced by the president of the Bulgarian National Bank.
The guidelines emphasize the importance of a consistent approach in setting supervisory expectations when several competent authorities are responsible for the supervision of the same institutions. They also emphasize the importance of training so that competent authority officials have the technical skills and expertise necessary to carry out their functions. The changes will take effect from December 30 this year.