Liberalisation of Bulgaria's foreign exchange regime and the prevention of money laundering

Abstract

Since 1991 Bulgaria has embarked upon legislative changes which mark the abandonment of centrally planned economic management in favour of free economic enterprise. This has entailed the adoption of a new constitution and changes in laws governing the operation of banks, credit and foreign exchange activities. In particular, the foreign exchange regime seeks to liberalise access to the foreign exchange market whilst controlling those aspects which may lend themselves to attempts to destabilise the foreign exchange regime itself criminal activity and money laundering.

Citation

Konstantinova, S. (1995), "Liberalisation of Bulgaria's foreign exchange regime and the prevention of money laundering", Journal of Financial Crime, Vol. 2 No. 4, pp. 331-335. https://doi.org/10.1108/eb025659