New Balkans Law Office is organising a two-part online seminar on the topic of "The legal framework of sanctions and anti-sanctions: how are they applied in Bulgaria?".
The two seminars headlined by attorney Svetoslav Ivanov and barrister Kamen Shoylev (UK-based barrister with extensive experience in both Bulgaria and England), as well as a former agent of the General Directorate for Combating Organized Crime and the State Agency for National Security, will be held on 28.10.2021 (Thursday) and 04.11.2021 (Thursday), starting at 15:00.
Registration is free of charge. Participants can register via the following link: https://nblo-sanctions.eventbrite.co.uk
The aim is for participants to receive practical training related to good practices that will help minimize the financial, regulatory and reputational risk for financial institutions if they continue to serve (or cease to serve) customers who have been sanctioned.
The seminars will address topics directly related to the obligations of financial institutions arising from the regulations applicable to them and their clients, as well as the relationship with the implementation of the Prevention of Money Laundering Act (PMLA) and the Prevention of Terrorist Financing Act (PTFA).
The lecturers will also discuss the practical issues related to the significance of the Magnitsky Act and the scope of the law in relation to affiliates of the sanctioned individuals.