As of 2 March 2019 the Bulgarian Personal Data Protection Act is amended in line with the GDPR regulations. Interestingly, this socalled “implementing act” does not change much, in terms of regulation, the personal data protection climate in Bulgaria. It is safe to say that the Bulgarian personal data protection legislation is among the most stringent even before the dawn of the GDPR. Due to this, part of the regime introduced by the GDPR is more relaxed than the requirements of the previous version of the Bulgarian Personal Data Protection Act having a history as of 2002 in Bulgaria.

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Bulgarian State Gazette No. 27 of 27.03.2018 introduced the new Measures Against Money Laundering Act (“MAMLA”), implementing Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. The new legislation is focused on creating obligations for a large number of legal entities with respect to the money laundering prevention.
In particular, the MAMLA provides for the following new obligations...

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