Bulgarian law permits all Bulgarian citizens to report frauds against the U.S. Government under the False Claims Act, or violations of the provisions of the Securities & Exchange Act, Foreign Corrupt Practice Act, or Commodities Exchange Act.
What disclosures are currently protected?
Bulgaria does not currently have a national whistleblower law in place. The only specifically designated legal authorizations for reporting stem from the Administrative Procedure Code (which allows persons to report, inter alia, public corruption and the mismanagement of state property) and the Law on Detection and Prevention of Conflict of Interests (which allows persons to report violators of the rules enumerated therein). These laws, however, only apply to public sector misconduct, and offer little to no protections for would-be whistleblowers. Therefore, whistleblowers may be better off reporting to U.S. regulators, at least until the transposition of the Whistleblower Directive is complete.
Can Bulgarian whistleblowers receive rewards?
There is no law in Bulgaria providing whistleblowers rewards, however, they may receive rewards through U.S. laws.
Recent updates and future legislative developments
Bulgaria has begun considering legislation on the transposition of the Directive, and although they have engaged civil society in this process it is not clear how comprehensive any new law will be.
Can/should Bulgarian whistleblowers report to U.S. officials?
No law in Bulgaria currently prohibits Bulgarian citizens from reporting frauds against the U.S. government under the False Claims Act, or violations of provisions of other statutes including the Securities & Exchange Act, Foreign Corrupt Practice Act, or Commodities Exchange Act. Therefore, Bulgarian whistleblowers can and should report relevant violations to U.S. officials under these laws.