There must be an impeccable business reputation among board members and final beneficiaries, as well as no criminal record;
Conclusion
Designing and implementing internal AML/CFT and other risk management policies related to the specifics of the intended economic activities and corresponding with the size of the business is paramount
Governance and management: Qualified management with a clean business reputation and an adequate organisational structure are required.
The annual license fee depends on the annual turnover of the forex company (0-0,5%)

Generally, the presentation should cover the following areas:
How to Open a Belgian Bank Account
The merchant acquiring bank exchanges funds with card-issuing banks on behalf of the merchant
Conduct a risk assessment in accordance with its size and nature to identify and assess the risks of money laundering and financing of terrorism to which its business may be subject
Possession of the minimum share capital, ready to be transferred to a Bulgarian bank account