The Democratic Coalition with a Magnitsky Sanctions Plan, Peevski has declared the topic « ended »

« We continue the change – Democratic Bulgaria » (PP -DB) has submitted to parliament proposals to introduce a mechanism for implementing sanctions on « Magnitsky » in Bulgaria. The ideas of the unification are part of the package of editorial amendments between the first and second reading in the Law on Measures against Money Laundering. The deadline for proposals has expired on May 21 and the Budget and Finance Committee is to review the texts.

One of the ideas of PP-DB is that municipal property is not provided to parties in whose leadership there are sanctioned persons. The co -chairman of « Yes, Bulgaria » Bozhidar Bozhanov told reporters in parliament that this measure was « special » for Delyan Peevski, and he in turn declared the topic closed and declared that no more sanctions would be imposed.

As early as 2021, Assen Vasilev (then Minister of Finance) proposed order for the implementation of the sanctions, but he was annulled by a decision of the Supreme Administrative Court after a complaint by Peevski’s mother Irena Krasteva. Argument – there is no legal basis. This is also the reason why the union offers the changes, not answering the question of why this is happening now.

Acceptance of texts to begin the implementation of sanctions on « Magnitsky » is part of the declaration of sanitary border that « has such a people » and the BSP have signed. It is yet to be seen first in a committee, and then in the plenary how the two groups will vote.

Lena Borislavova from « We continue the change » added that with the acceptance of these provisions, the chance of Bulgaria to be removed from the gray money laundering list increases. She added that she was expecting support for the texts of all the formations that have declared this as their priority.

Later, Magnitsky, Delyan Peevski, said that « Jim O’Brien is no longer in the State Department and there will be no sanctions. » He claims that his sanctions were « ordered ».

Ideas

PP-DB also offers a definition of penaltyaccording to which this is A natural or legal person against whom sanctions or restrictive measures have been imposed, with the exception of enforceable convictions in criminal proceedings for their participation in activities that undermine international peace and security, violate human rights or are related to corruption, and is identified as an official, a register or other form of publicly available information United Nations (UN), Economic Cooperation and Development Organization (OECD), or an authorized body of an EU or OECD Member StateS

The sanctioned persons and related people will not have access to:

According to the proposals, a comprehensive check of the client will be to be checked when entering into business relationships with sanctioned persons or persons who are related or related to sanctioned persons within five years before the date of inclusion in the relevant sanction list to the present time.

The State Agency for National Security will have to prepare a list of sanctioned prominent political figures who are Bulgarian citizens and hold positions in bodies of the Republic of Bulgaria or the European Union. According to the association, maintaining such a register will facilitate the implementation of the measures to them.

It is also offered that all business relationships of sanctioned persons and related to them be placed under current and expanded monitoring, with the results being provided to the Directorate for Financial Intelligence of SANS. In addition, any transaction or surgery of sanctioned persons, as well as related to them, is proposed to be considered dubious and reported to financial intelligence.

The Bulgarian National Bank will have to publish once a month information about the accounts and safes of the sanctioned persons, without revealing their value, ie. It will not be a bank secret.

Sanctions for sanctioned

The changes propose to introduce a fine of BGN 50 to BGN 100 thousand for persons who submit documents with false content. There is also a fine in the same amounts for the persons who conclude a deal with a sanctioned person, « when he knew or could not have not known about this circumstance. »