Parliament adopted a Criminal Assets Forfeiture Act sponsored by MPs from the centre-right ruling party GERB.
The law regulates the terms and procedures for forfeiture of illegally acquired assets and introduces the concept of non-conviction-based confiscation.
Under the act, confiscation shall be applicable only to unlawfully acquired assets, contrary to an earlier version of the act which envisaged confiscation for assets which are only presumed to have been unlawfully acquired.
Asset forfeiture proceedings will also be applicable in cases of administrative offenses but only when they have led to a gain of over 150,000 levs ($101,000/77,000 euro). A confiscation, however, will be possible only when there is discrepancy of over 250,000 levs between a person's income and his or her assets, Parliament said in a statement on its website.
The new law provides for the establishment of an interdepartmental board which will manage the forfeited assets.