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By decision of the Bulgarian Parliament payments for the purchase of real estates can only be carried out trough banks. German Deutsche Welle questions the efficiency of this measure, reminding that real estate sales concluded with fake documents for identity were very common for Bulgaria, the Duma daily reports.
This decision represents one small, cautious step towards improved security in an attempt to counter money laundering and income concealment, Deutsche Welle comments. Notary attested declarations will hardly represent a problem for people who gain huge profit from shady real estate deals and threats for legal penalty will not strike fear into the criminal world. The article reads, that new regulations are necessary to guarantee the inviolability of private property, so that the real estate can not be transferred secretly.
Source: Focus IA