site.btaAnti-Corruption and Asset Forfeiture Commissions Sign Cooperation Memorandum

The Commission for Countering Corruption (CCC) and the Commission for the Forfeiture of Illegally Acquired Assets (CFIAA) will exchange expertise and information as part of their efforts to combat corruption.

CCC Chair Plamen Todorov and CFIAA acting Chair Antoaneta Georgieva-Tsonkova signed a memorandum of cooperation between the two commissions, the CFIAA press office said.

The memorandum establishes a framework for cooperation between the CCC and CFIAA in exercising their statutory powers. It also provides for the exchange of information and expertise, as well as cooperation when information identified by one commission is relevant to the powers of the other. The document sets out specific cases in which the CCC will notify the CFIAA, including identified discrepancies in a property and interests declaration under the law, a final decision establishing a conflict of interest, and failure to submit a declaration as required by law.

The two commissions will also be able to organize joint training sessions, working meetings, seminars and other professional initiatives, as well as exchange analyses, methodological materials and best practices, the CFIAA said.

In July, the CFIAA said that courts had ordered the confiscation of assets worth more than EUR 720,000 in four cases following claims brought by the commission.