The Office for Prevention and Fight against Money Laundering continue its effort to raise awareness of business sector involvement in implementation the AML/CFT provisions 

On March 12th The Office organized an workshop for16 representatives of private sector building companies, car dealers on the rising efficiency on implementation of the AML/CFT provisions and on ML/TF topologies involving the sector.

 Within the workshop were discussed practical aspects of implementation of the provision of the Instruction on application of the art.4 para.(1), letter l) of the Law nr. 308/2017, approved on September 2018, as well as the identification of criteria of STRs.

 The Instruction of the Office approved on 17th of September, establish measures that should be applied by the new reporting entities that effectuate cash transactions more than 200000 or its equivalent as well as specify the categories of goods and services that can be subject of reporting especially real estate, cars, touristic vouchers, high value goods.

 In the same time were informed and explained the way of submission of the CTRs reports to the FIU by building companies and car dealers discussing the correct format of their submission.

 It should be mentioned that in accordance with the implementation of the provision of the VIth EU Directive the AML/CFT Law includes a new category of reporting entities “natural and legal personas that buy and sell goods in cash more than 200000 lei or its equivalent”.

Back to Top