On 27 April 2021, Law no. 101/2021 approving and amending Government Emergency Ordinance no. 111/2020 was published in the Romanian Official Gazette, amending Law no. 129/2019 on money laundering and terrorist financing and other specific legislation. Law 101/2020 came into… Read moreRomania changes the conditions for submission of ultimate beneficial owner statement
Summary: 1. Order No. 37/2021 on the implementing norms of Law No. 129/2019 for preventing and fighting money laundering and terrorist financing, as well as for amending and supplementing certain legislative acts, for reporting entities supervised and controlled by the… Read moreChanges to Anti-Money Laundering and Counter Terrorist Financing legislation
Recognition guide of situations of high risk of money laundering and terrorist financing. Draft. On Friday, February 5, 2021, the National Office for the Prevention and Combating of Money Laundering has launched for public debate the draft Guide on the… Read more<strong>RLWeek</strong> February 1-7, 2021: Recognition guide of situations of high risk of money laundering and terrorist financing. Amendments to the Administrative Code. Methodological norms regarding the secondment of employees within the provision of transnational services on the Romanian territory.
1. Introduction Regulation no. 12 of December 18, 2020 on the authorization of credit institutions and amendments pertaining to the same (the “Regulation 12/2020”) issued by the National Bank of Romania (the “NBR”) was published in the Official Gazette no…. Read moreNew regulation for the authorization of credit institutions – preliminary requirements for authorization