‘Bulgarian mafia launders money via casinos, bars and car sales’

Published on 6 August 2013 at 10:39


According to the latest report from the US Bureau of International Narcotics and Law Enforcement Affairs, Bulgarian criminal gangs are using all sectors of the economy to launder money obtained from illicit activities such as drug trafficking, prostitution, cigarette smuggling, stolen cars and tax fraud.

Sega explains that —

… the reasons why Bulgaria continues to act as a magnet for dodgy capital have a lot to do with the growth of its financial sector, the size of its informal economy, and the high proportion of cash payments.

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