Structural Reform Support Programme (SRSP) - Romania
Money Laundering and Terrorism Financing Risk Compliance: Implementing a National Mechanism to Assess and Manage Money Laundering and Terrorism Financing Risks in Romania
Within the framework of the 2020 CoE/EU Structural Reform Support Programme (SRSP) envelope, the Economic Crime and Cooperation Division is assisting Romanian authorities with enhancing national AML/CFT framework to ensure effective mitigation of money laundering and terrorism financing risks. The project begun on 29 June 2020, and will last for 24 months. Through tailored activities, the project seeks to contribute to:
- A nation-wide assessment of AML/CFT risks;
- Putting in place appropriate AML/CFT risk mitigation mechanisms.
Areas of specific focus include conduct of a National ML/TF Risk Assessment (NRA), development of the NRA Action Plan, training and guidance on implementation of the Action Plan measures, high-risk sectoral risk assessments, and regulation of virtual assets and virtual assets service providers.
The total project budget 723,674.95 Euros. The project was funded by the European Union via the Structural Reform Support Programme and implemented by the Council of Europe - Economic Crime and Cooperation Division, in cooperation with the European Commission.
Effective implementation of sanctions for AML/CFT breaches – bilateral exchange between Romanian and Spanish practitioners
In parallel to the ongoing efforts aimed at supporting the Romanian authorities with the identification and implementation of specific mitigation measures and the development of the anti-money laundering and countering the financing of terrorism (AML/CFT) Action Plan of Romania, the Council of...
Romanian competent authorities trained on conducting financial investigations of money laundering cases
While supporting Romanian authorities with the development of the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Action Plan of Romania, the Council of Europe Economic Crime and Cooperation Division (ECCD) is also assisting Romanian authorities with implementing...
Training on investigating and prosecuting terrorist financing cases for Romanian competent authorities
Romanian authorities have recently finalised the country’s first Money Laundering and Terrorist Financing (ML/TF) National Risk Assessment, following the Council of Europe’s Methodology, with support from the Economic Crime and Cooperation Division (ECCD) of the Council of Europe. While the...