In the second meeting of the debate series on “Money Laundering”, Gabriel Albu – Founder Attorney Albu Legal – joined as a speaker in an extremely interesting and engaging discussion about the nuances of the notion of „suspicious transaction”, according to Law 129/2019 for preventing and combating money laundering. The law transposes the relevant European Directive IV.

The discussion focused on significant elements about the criteria for defining this notion, as well as many elements of legal practice, both at the level of the relevant authority/ FIU, ONPCSB, and banks, consultants, lawyers and the private sector, in general.

One of the modern phenomena of economic crime is the laundering of “black money”, which comes from major offences, generating important consequences for society. Faced with an increasingly sophisticated series of crimes in the financial area, Romania has to deal with this phenomenon, having a clear mandate to align to the global and European rules and practices in this field.

We will keep you updated with the latest news. Universul Juridic, thank you for the invitation!

 

Source: https://www.linkedin.com/feed/update/urn:li:activity:6935477549288316928