The PETERKA & PARTNERS Bucharest office, an official member of ILN in Romania, has published an article on the novelties regarding AML Law in this jurisdiction.
The Law, that entered into force on July 21, 2019, transposes Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or the financing of terrorism (“Directive 2015/849”), as well as Council Directive (EU) 2016/2258 of 6 December 2016 amending Directive 2011/16/EU as regards to access to anti-money-laundering information by the tax authorities.
For more detailed information about the importance and the impact of this law in Romania, please read the full article in this link, published by ILN on its official website.