money laundering

The European Union's top court has fined Romania by EUR 3 million for delays and incomplete application of the EU's rules against money laundering and terrorist financing. Ireland was fined EUR 2 million over the same matter. "Both…

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…

Nicusor Constantinescu, former chairman of the Constanta County Council, was sentenced on Thursday to 10 years in prison with execution. The ruling is final. Nicusor Constantinescu was sentenced in first court to 15 years in prison, but…

The 5-judge panel with the High Court of Cassation and Justice (ICCJ – Supreme Court) has postponed, on Tuesday, a sentence in the file on the former Finance Minister Darius Valcov to September 17. In first court, Valcov was sentenced to 8…

The High Court of Cassation and Justice (ICCJ – Supreme Court) has decided on Tuesday to postpone the file on Darius Valcov, former mayor of Slatina and Finance Minister, in which he was sentenced in first court to 8 years imprisonment for…

Nistor Vlad Călin, the owner of Bitcoin Exchange CoinFlux, will be extradited to the US, after the High Court in Romania had confirmed a previous court's ruling and ordered that he would be surrendered to the American authorities, under…

More than 50 searches have been conducted on Thursday in Bucharest and eight other counties in the country, at people who forged identity papers, then used them in European states to obtain bank loans. A release issued by Valcea Police,…

More than 20 searches were conducted Friday morning by the Directorate for Investigating Organized Crime and Terrorism (DIICOT) in Bucharest and the counties of Ilfov, Braila and Constanta, in a file of fiscal evasion and money laundering.…

The main opposition parties in Parliament, PNL and USR have filed a complaint against the law on preventing and countering the money laundering to the Constitutional Court. The leader of the Liberal deputies, Raluca Turcan, argued that…

Former Mayor of Piatra Neamt Gheorghe Stefan, aka Pinalti, was sentenced on Friday to 3 years and 3 months imprisonment in a file in which he is charged with money laundering and financial operations incompatible with the office. The ruling…