Skip to main content

Clifford Chance

Briefings

New Framework for AML adopted in Romania

23 July 2019

Law no. 129/2019 aimed at amending the current legal framework on anti-money laundering ("AML") and counter-terrorism financing ("CTF") (the "Law") was passed by the Romanian Parliament and published on 18 July 2019 in the Romanian Official Gazette. The  Law  implements 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 terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC.

Download File

New Framework for AML adopted in Romania

Download PDF (242Kb | English)