AML

Less than 5% of Romanian companies currently use AML (Anti-Money Laundering) solutions to prevent money laundering and terrorist financing, according to an analysis by the Romanian company Qoobiss, the developer of the Qoobiss AML solution,…

According to the World Economic Forum, up to 5 percent of the world’s total gross domestic product (GDP) may be attributed to illicit proceeds from criminal activity. Yet, less than 1 percent of this is intercepted by law enforcement…

Romanian digital identity verification startup Qoobiss has signed a partnership with RoCapital, the Nonbank Financial Institution part of the KRUK Group which will use the interrogation and reporting services to NAFA (National Agency for…

Just like legitimate businesses, illegal and criminal organizations also require money in order to function. Given the nature of their activities, many criminal groups are more than willing to infiltrate and manipulate financial…

Opinion article by Burcin Atakan, Partner, and Ioana Ungureanu, Manager, Financial Advisory, Deloitte Romania As the new coronavirus continues to spread across the globe, top-down measures are imposed to slow down its effects…