https://vinciworks.com/blog/fatf-grey-list-updates-why-was-bulgaria-added/
What kind of consequences for residents ?
What kind of consequences for residents ?
Bulgaria added to Fatf greylist
- Thread starter Bill D
- Start date
- Status
Probably nothing for the average person. Bulgaria will likely be off the list quite soon, as long as they act quickly to remedy the weaknesses FATF identified.
Toggle signature
This is the probably the answer to your question.
Toggle signature
This is the probably the answer to your question.
depends, but since its in eu, prob not much. The world also got used to these nonsense powergames and blackmailing.
some seem to be still intimidated by these fatf blackmailing attempts.
In such a case you/your friends have no other choice than looking for replacement, either the structure itself or the agents or find a different way to achieve what you are doing.
As Panamanian, Ive dealt a few years with the fatf (financial action terrorist farce) blackmailing lists for years. The global one world gov institutions are highly annoying but pretty useless in the end as well. Every problem has its solution and training keeps one fit and young.
It varies from none to devastating. The list by itself doesn't mean much. It's the reasoning behind being on that last and how severe it is.
When it's bad, it means financial services involving that jurisdiction become much more challenging: more documents requested, banks are quicker to pull the trigger on closing accounts, et cetera.
Toggle signature
This is the probably the answer to your question.
Does it affect the brokers and platforms which will accept residents ?
Means for example you would lose/not be able to register access to coinbase or ib ?
That's a possibility. Not very likely in the case of Bulgaria, though, since it's an EU member and appears to be acting quickly.
Toggle signature
This is the probably the answer to your question.
- Status