MONEY LAUNDERING. NATIONAL AND EUROPEAN REGULATIONS

Nadia-Cerasela ANITEI; Calina Andreea GARDIKIOTIS

Authors

Nadia-Cerasela ANITEI Faculty of Legal, Social and Political Sciences, Dunarea de Jos University, Galati,
Calina Andreea GARDIKIOTIS Faculty of Law Petre Andrei University from Iasi, Romania

Keywords:

money laundering, Law 656/2002, Directive 2005/60/EC, Directive 2015/849/EC

Abstract

The paper presents the Romanian and the European legislation regarding money laundering . In Romania, until 1989, there were no special regulations in the field of money laundering. In 1999, Law no.21 on the prevention and sanction of money laundering was promulgated. Latter, this act was repealed by Law no. 656 of December 7, 2002 on the prevention and sanction of money laundering, which suffered a series of modifications. The Directive 2015/849 / EC amends the Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repeals Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC. The Directive has come into force on 26 June 2015 and must be transposed into the national laws of the Member States by 26 June 2017. In conclusion, we consider that the present magnitude of money laundering requires joint efforts of the states and of European and international specialized organizations. This can only be achieved by harmonizing legislation on money laundering worldwide.

References

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http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=OJ:JOL_2015_141_R_0003&from=EN

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http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:JOL_2015_141_R_0003&from=EN