Measures Against Money Laundering

State Agency for National Security incorporates within its structure a specialized administrative directorate for financial intelligence. The Financial Intelligence Directorate (FID) collects, stores, investigates, analyzes and discloses financial intelligence under the terms and procedures of the Law on Measures against Money Laundering (LMML) and Law on Measures Against the Financing of Terrorism (LMFT).

The Directorate is a financial intelligence unit of the Republic of Bulgaria under Article 2, paragraphs 1 and 3 of the Decision of the Council of the EU from 17 October 2000. The Directorate holds responsibility for the protection of the shared intelligence on the website of EGMONT GROUP and the security of the site itself. It performs functions of detection and prevention against money laundering and financing of terrorism, as well as with regard to capital flows, corruption, bribery in international trade transactions and confiscation. In the fulfillment of its functions the Financial Intelligence Directorate closely interacts with the Bulgarian security and public order services and its foreign counterparts.

State Agency for National Security works in a close collaboration with FATF and MONEYVAL Committee through a Financial Intelligence Directorate. FATF (Financial Action Task Force) is an organization which sets the standards for money laundering and financing of terrorism prevention. MONEYVAL (Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism) is an organization bearing responsibility for the measures within Europe against money laundering and financing of terrorism.