Description
RBA intends to propose an amendment to the AML law to ease the reporting burden and to improve the interaction with the AML authority while complying with the provisions of the EU Third Directive.
Impact Drivers
- Public: To optimize the trade-off between AML aims and cost of regulation
- Private: To improve accounting and reporting systems
Economics
In Romania, currently, 40% of the reported cash transactions take place either among banks or between banks and NBR.
SPI Committee Involvement
To keep under senior oversight the impact of the current AML regulatory framework on the banks' operational costs and ability to serve their clients, while remaining in compliance with the EU Third Directive.Additional information SPI Committee.
Working Group
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Petre Bunescu
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Project Owner (PO), Vice President Romanian Banking Association
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Doru Bulata
Alis Avramescu
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Project Manager , Executive Director Banca Comerciala Romana
Deputy Director, National Bank of Romania
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Paula Lavric
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Deputy Project Managers (DPM), State Secretary Anti-Money Laundering Office
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Members |
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Liana Tudorescu
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Manager, Bancpost
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Victoria Preoteasa
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Manager, OTP Bank
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Magdalena Calangiu
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Manager, Finansbank
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Constantin Jumuga
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Banca Romana Dezvoltare- GSG
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Sergiu Bogea
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Compliance Officer, Unicredit Bank Romania
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Magdalena Scrieciu
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Advisor, Ministry of Public Finance
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Simona Butoi
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Expert, Ministry of Public Finance
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Isabelle Chelariu
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Legal Advisor, National Bank of Romania
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Terms of Reference
Regulatory Impact Assessment
Enactment Activities
SPI Committee Documents
Technical Documents
Project Working Group Meetings
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