Moneyval: Romania should step up efforts to investigate and prosecute money laundering and strengthen supervision

In a report published on the 18th of July, the Committee Of Experts On The Evaluation Of Anti-Money Laundering Measures And The Financing Of Terrorism (Moneyval), calls on the Romanian authorities to further strengthen measures to combat money laundering (ML) and the financing of terrorism (TF).

The report provides a comprehensive assessment of the country’s level of compliance with standards set by the Financial Action Task Force (FATF). MONEYVAL’s mutual evaluation of Romania highlights that the country demonstrates a fair understanding of ML risks and, to a lesser degree, of TF risks. Romania needs to immediately start implementing mitigating actions that target the highest risks to which the country is exposed.

In this alert, you will read more about the key findings, conclusions, and how Deloitte can help.