Romania Takes Significant Step in Combating Terrorist Financing with EU Support

A Major Milestone in the Fight Against Financial Crimes

The European Commission has announced a significant milestone in its efforts to combat terrorist financing in Romania, as part of the Structural Reform Support Programme (SRSP) for 2020. The project aimed to enhance Romania’s understanding of internal and external money laundering and terrorist financing threats by aligning its anti-money laundering policies with EU standards.

Enhancing National Risk Assessment

The comprehensive national risk assessment was instrumental in shaping a national risk mitigation plan, which is expected to significantly strengthen Romania’s defenses against financial crimes. The Commission provided training for key stakeholders on risk assessment and supported the preparation of the national risk mitigation plan.

Strengthening Defenses Against Financial Crimes

As part of this effort, workshops were held for supervisory and law enforcement entities to ensure that all relevant parties are equipped to effectively combat terrorist financing. This includes:

• Conducting a comprehensive national risk assessment
• Preparing a national risk mitigation plan
• Providing training for key stakeholders on risk assessment
• Holding workshops for supervisory and law enforcement entities

A Major Achievement in Romania’s Fight Against Financial Crimes

The success of this initiative marks a major achievement in Romania’s fight against financial crimes and demonstrates the country’s commitment to upholding EU standards on anti-money laundering and combating the financing of terrorism. This milestone is a significant step forward in the fight against terrorist financing and money laundering, and sets a positive example for other countries to follow.