As part of the mutual evaluation of Romania, a team of evaluators from the Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) carried out an on-site visit to Romania from 21 September to 4 October 2022.
The purpose of this mutual evaluation is to assess the country's technical compliance and effective implementation of the international anti-money laundering and combating the financing of terrorism (AML/CFT) standards, in accordance with the 2013 Financial Action Task Force (FATF) methodology.
The assessment team is composed of MONEYVAL experts with legal, financial and law enforcement experience, assisted by members of the MONEYVAL Secretariat.
At the opening of the on-site visit, State Advisor to the Prime Minister, Ms Florina-Alina Pădeanu, and State Secretary of the Ministry of Finance, Mr Mihai Precup, emphasised the country’s commitment to combating money laundering, terrorism financing and financing of proliferation of weapons of mass destruction.
During the on-site visit, numerous meetings were held with representatives of Romania’s supervisory authorities, criminal justice system and the operational agencies involved in AML/CFT. The assessment team also met with representatives of the private sector (including banks, virtual asset service providers, asset management companies, notaries, real estate agents, casinos, etc.) and representatives of non-profit organisations.
The report is scheduled for discussion and adoption at the 65th Plenary meeting of MONEYVAL in May 2023.