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Bulgaria Approves Tougher Illegal Assets Law
The Bulgarian govt approved a long-delayed bill allowing widespread confiscation of illegally obtained assets, a move seen as a powerful weapon against organised crime and corruption
The law, which has still to be passed by the parliament, will allow the state Commission for Establishing of Property Acquired from Criminal Activity to launch its own investigations of people who cannot explain their sources of income in court
The bill will allow “civil confiscation” — the seizure of unexplained wealth without a conviction, rather than only after sentencing, as current law demands
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