On 13 January 2026, within the framework of Assoc. Prof. Savina Mihaylova-Goleminova’s "Corporate and Financial Law" course, a guest lecture on Anti-Money Laundering (AML) was delivered by experts from Ernst & Young Bulgaria.

The lecture took place at the Faculty of Economics and Business Administration and was addressed to Bachelor’s students in the "Accounting, Finance, and Digital Applications" program.

The presentation covered key issues of high practical and societal relevance, including:

• the concept of money laundering and its three core stages—placement, layering, and integration;
• the impact of money laundering on society, the economy, and trust in financial systems;
• the evolution of EU AML regulation, from the 4th to the 6th AML Directive, as well as the new EU AML Package (2024);
• the Bulgarian AML framework, including key legislation, supervisory authorities, and compliance obligations;
• major international money laundering scandals and the regulatory lessons learned;
• common compliance failures leading to enforcement actions;
• the role of corporate governance and ESG, with a strong focus on the “G” as the backbone of effective compliance;
• the growing importance of AI, data analytics, and technology in detecting and preventing financial crime.

Key takeaway:
AML should not be viewed merely as a regulatory requirement, but as a core component of sound corporate governance, sustainability, and trust in financial markets.

Special thanks to Dr. Ali Pirzada, Director and Practice Leader for Bulgaria, Albania, North Macedonia, and Kosovo, Forensic & Integrity Services, Ernst & Young Bulgaria, and his team for the insightful presentation, practical perspectives, and excellent engagement with our students.

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