The government of Romania is consulting on the draft law on preventing and combating money laundering and terrorism financing, which will transpose the 4th Anti-Money Laundering Directive (4th AMLD) into national law.
In Romania, the prevention and combating of money laundering and funding terrorism is regulated by Law no. 656/2002. Given the obligations that the country has as a result of commitments made under the treaty of accession to the European Union, it is necessary to amend this law to fulfil the provisions of the 4th AMLD.
Request a Free Trial
As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.Take a Trial