Mutual Evaluation of Romania

Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

Romania Mutual Evaluation 2023

R.1 - Assessing risk & applying risk-based approach: LC
R.2 - National cooperation and coordination: PC
R.3 - Money laundering offence: C
R.4 - Confiscation and provisional measures: C
R.5 - Terrorist financing offence: C
R.6 - Targeted financial sanctions related to terrorism & terrorist financing: PC
R.7 - Targeted financial sanctions related to proliferation: PC
R.8 - Non-profit organisations: PC
R.9 - Financial institution secrecy laws: PC
R.10 - Customer due diligence: LC
R.11 - Record keeping: LC
R.12 - Politically exposed persons: PC
R.13 - Correspondent banking: PC
R.14 - Money or value transfer services: PC
R.15 - New technologies: PC
R.16 - Wire transfers: LC
R.17 - Reliance on third parties: LC
R.18 - Internal controls and foreign branches and subsidiaries: LC
R.19 - Higher-risk countries: LC
R.20 - Reporting of suspicious transactions: LC
R.21 - Tipping-off and confidentiality: LC
R.22 - DNFBPs: Customer due diligence: PC
R.23 - DNFBPs: Other measures: LC
R.24 - Transparency and beneficial ownership of legal persons: PC
R.25 - Transparency and beneficial ownership of legal arrangements: LC
R.26 - Regulation and supervision of financial institutions: LC
R.27 - Powers of supervisors: LC
R.28 - Regulation and supervision of DNFBPs: PC
R.29 - Financial intelligence units: LC
R.30 - Responsibilities of law enforcement and investigative authorities: C
R.31 - Powers of law enforcement and investigative authorities: C
R.32 - Cash couriers: PC
R.33 - Statistics: PC
R.34 - Guidance and feedback: LC
R.35- Sanctions: PC
R.36 - International instruments: C
R.37 - Mutual legal assistance: LC
R.38 - Mutual legal assistance: freezing and confiscation: C
R.39 - Extradition: LC
R.40 - Other forms of international cooperation: LC

C = compliant | LC = largely compliant | PC = partially compliant | NC = non-compliant

Effectiveness

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.