The Council of the EU


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Prevention of the use of financial system for the purpose of money laundering and terrorist financing

Since money laundering and terrorist financing are a huge issue in Romania (Romania ranks 66th out of 176 countries on the 2012 Transparency International Corruption Perceptions Index), our government has already introduced such measurements as proposed by the Commission (cfr. Law no. 656/2002 and its subsequent amendments; the Third EU Directive was fully implemented by the Government Emergency Ordinance no. 53/2008 (published in the Official Monitor no. 333/30.04.2008) and Government Decision no. 594/2008, published in the Official Monitor no. 444/13.06.2008.). We are strong believers of such program and measurements, being well aware of the fact that our own measurements are not fully in line with the FATF recommendations and that Romania is susceptible to money laundering and terrorist financing, and that it is attractive to organized criminals and tax evaders. The National Office for the Prevention and Control of Mone...

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