Yesterday, at its meeting, the Committee on Internal Security and Public Order adopted at second reading the Law on Amendments to the Law on Weapons, Ammunition, Explosives and Pyrotechnic Articles, which also amends the Law on Measures against Money Laundering (LMIP).
 
The Commission proposes to establish in law § 71 as follows:

§ 71. The Law on Measures against Money Laundering (promulgated, SG No. 27/2018; amended, SG No. 94/2018 and No. 17 of 2019) makes the following amendments:
1. In Art. 63 para. 5 is amended as follows:
“(5) Legal entities and other legal entities, established in the territory of the Republic of Bulgaria, with the exception of sole traders, shall be obliged to apply for entry in accordance with para. 1 of their beneficial owners under § 2 of the Supplementary Provisions, if they are not listed as partners or sole owners of the capital in their accounts. Where legal persons or other legal entities are registered as partners or sole owners of the capital, the obligation under the preceding sentence arises:
1. if the beneficial owners under § 2 of the supplementary provisions have not been entered in the registers under para. 1 as partners and / or sole owners of the capital in the accounts of legal entities or other legal entities established on the territory of the Republic of Bulgaria, participating in the property chain, or
2. if these legal entities or other legal entities are not established in the territory of the Republic of Bulgaria.
2. In § 6 of the transitional and final provisions:
(a) paragraph 1 is amended as follows:
“(1) The persons under Art. 4, for which the obligation to apply measures against money laundering arose before the entry into force of this Act, shall bring their internal rules in accordance with the requirements of Art. 101 within six months of the publication of the results of the national risk assessment on the website of the State Agency for National Security. A message shall also be sent to the mass media for the publication of the results. "
b) in para. 2 the words "and send" are deleted. "
For actual owners of capital, this means, for example, that:
The real owners are not subject to registration under the following hypothesis: If a legal entity (first legal entity) is the property of one or more other Bulgarian legal entities and if the natural persons who are the ultimate beneficial owners of the capital of the first legal entity are entered in the Commercial Register in the lots of legal entities involved in the property chain.
The real owners are subject to registration under the following hypothesis: If a legal entity is the property of one or more other foreign legal entities.
Concerning obligated persons under Art. 4 of the LMML, such as accounting offices:
The deadline for adopting internal rules on the LMIP, which is specified to be within six months of the publication of the results of the national risk assessment on the SANS website, is being extended, for which the agency will inform the mass media.
The sending of the internal rules to SANS, which in the current version of the law should be done by the persons by May 12, 2019, is no longer required.