Money Laundering and Terrorism Financing Risk Compliance: Implementing a National Mechanism to Assess and Manage Money Laundering and Terrorism Financing Risks in Romania

SRSP ProgrammeWithin 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.

Project News Project News

Annual Steering Committee Meeting of the SRSP initiative for Romania

15 July 2021 Online meeting

The Second Steering Committee meeting of the SRSP Project “Money Laundering and Terrorism Financing Risk Compliance: Implementing a National Mechanism to Assess and Manage Money Laundering and Terrorism Financing Risks in Romania” was held virtually on 15 July 2021. The event brought together...

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Supporting Romanian authorities with the data gathering process pursuant to the CoE AML/CFT National Risk Assessment Methodology

17 December 2020 Vision workhop

On 17 December 2020, the Council of Europe Economic Crime and Cooperation Division (ECCD) has conducted a “Workshop on data gathering tools pursuant to the CoE AML/CFT National Risk Assessment Methodology”. The workshop was organized following the request from the Romanian authorities to provide...

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Training of Romanian stakeholders on the risk assessment process pursuant to the Council of Europe AML/CFT National Risk Assessment Methodology

4 September Strasbourg, France

On the 4th of September, the Council of Europe’s Economic Crime and Cooperation Division conducted an on-line training for Romanian government officials, private and NPO sector representatives on how to assess money laundering and terrorist financing risks pursuant to the CoE AML/CFT National...

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Project supporting in-depth analysis of Romania’s AML/CFT risks launched

15 July 2020 Video conference

The 2020 CoE/EU Structural Reform Support Programme initiative for Romania was launched on 15 July 2020, through a virtual kick-off meeting of the project Steering Committee. The meeting was opened by representatives of key counterparts in Romania, namely the Financial Intelligence Unit, the...

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