Cooperation for Innovation and Exchange of good practices in the fight against money laundering in Europe Erasmus Project

Project Title

Cooperation for Innovation and Exchange of good practices in the fight against money laundering in Europe

Project Key Action

This project related with these key action: Cooperation for innovation and the exchange of good practices

Project Action Type

This project related with this action type : Strategic Partnerships for adult education

Project Call Year

This project’s Call Year is 2019

Project Topics

This project is related with these Project Topics: Research and innovation; International cooperation, international relations, development cooperation; Economic and financial affairs (incl. funding issues)

Project Summary

The project “Cooperation for Innovation and Exchange of good practices in the fight against money laundering in Europe” aims to meet the needs in the financial area following the adoption of Directive 2015/849 of the European Parliament and of the Council of 20 May 2015 to prevent the use of the financial system for the purpose of money laundering and terrorist financing, and in particular the adoption of the Law on Measures against Money Laundering which formally introduces into Bulgaria the requirements of the Directive (in force since 1 October 2018).
The law regulates the matter, which has not been applied so far all over the territory of the Republic of Bulgaria, which is why it is still accessible and obligatory for the people working in the affected areas. Knowledge of the subject matter and the lack of accessible practice on the subject raises the need to create conditions and opportunities to support the creation and access to training pathways and the creation of specific knowledge and skills leading to the provision of quality services by taxpayers legislation and the creation of products enabling unilateral enforcement in this respect.
The project idea aims at introducing innovative ideas at international level to avoid tax evasion and tax evasion, which are inherently illegal activities involving tax evasion. The specific objectives reflect the established need for the introduction of innovative models in the commented area and will enable them to acquire effective and efficient qualification of specialists in the sphere and sharing of developed intellectual products, established innovations, good practices, acquired knowledge and skills with all interested parties.
The direct target group of the project is the specialists working in the field of tax legislation and in particular in the field of taxation and aiming to develop their knowledge and skills in their practice. As an indirect project target group, all natural and legal persons, including public organizations, may be identified in the territories of the partner countries in the project, given the complexity of each country’s tax system and its significance for the revenue side of the government budgets of each from them.
Within the framework of the project, the following project activities will be implemented: 1. Project management; 2. Investigating innovation and good practices in the fight against money laundering in Europe; 3. Acquisition and development of key competences of specialists in the area of ​​tax legislation; 4. Creation of innovative intellectual products, including rules for identifying risk clients, methodology for market price analysis and identification, risk assessment methodology as well as an international platform for disseminating identified innovations and good practices in the fight against money laundering in Europe and digital sharing of other intellectual products created within the project; 5. Conducting a representative event; 6. Publicity on the project and program.
The following performance and result indicators are expected to be achieved during the implementation of the project and as a consequence of its implementation: 1. Number of countries with risk, innovation and good practices – 3 (three); 2. Number of training events carried out in partner countries – 3 (three); 3. Number of participants in the training modules for developing key competences in the fight against money laundering – 21 (twenty-one) people; 4. Number of innovative intellectual products developed – 4 (four), as follows: rules for identification of risk clients – 1 (one) number, methodology for conducting market price analyzes and identifying them – 1 (one) risk assessment – 1 (one) number and international platform to disseminate identified innovations and good practices in the fight against money laundering in Europe and digital sharing of other intellectual products created within the project – 1 (one) issue; 5. Number of project events – 1 (one); 6. Number of participants in project events – 100 (one hundred).
The project’s results aim to build a partnership network between tax law specialists and create an international platform to disseminate the identified innovations and good practices in the fight against money laundering in Europe that will allow for sustainable interaction, experience and knowledge at international level. In the long run, the implementation of the project will make a sustained contribution to the acquisition of adequate knowledge of all stakeholders in the field of activities currently in place.

EU Grant (Eur)

Funding of the project from EU: 140015 Eur

Project Coordinator

Advokatsko drujestvo Savov & Country: BG

Project Partners

• Sheltons Malta Ltd
• Taxture Global Tax Advice