MONEYVAL’s 2nd Enhanced Follow-Up Report notes Romania’s progress in enhancing its AML/CFT framework while identifying remaining gaps in targeted sanctions and virtual asset compliance

The follow-up report says Romania improved technical compliance on two FATF Recommendations covering targeted financial sanctions related to terrorism, terrorist financing and proliferation financing, both now rated largely compliant. MONEYVAL also records limited progress on national co-operation, non-profit organisations, financial institution secrecy, politically exposed persons, beneficial ownership of legal persons and AML/CFT statistics…