Anti-Money Laundering and Combating the Financing of Terrorism

Projet terminé

The objective of this project is to reduce Money Laundering and Terrorism Financing activities in Romania by strengthening the financial intelligence analysis capacity of the Romanian Financial Intelligence Unit.

Pays/région Thème Période Budget
Roumanie
Favoriser la croissance économique et améliorer les conditions de travail
Réglementation du secteur financier
22.04.2014 - 22.04.2016
CHF 2'150'500

Note: the texts under all the headings, with the exception of 'Results achieved', describe the situation before the start of the project.

Contexte

Money Laundering and Terrorism Financing are global phenomena. Due to its geographical location, Romania is especially vulnerable to financial activities associated with Money Laun­dering and Terrorism Financing. For instance, Romania is a significant transit country for narcotics as it lies along the well-established Northern Balkan route for opium, morphine base, heroin, and chemical precursors moving from Afghanistan to Central and Western Europe. In order to prevent and combat the misuse of the Romanian and international financial system for money laundering and terrorism financing purposes, the Romanian AML/CFT legislation is based on the Financial Action Task Force (FATF) 40+9 recommendations and harmonized with European communitarian acquis.

Objectifs

The goals of the project are reducing corruption and related crimes in Romania by strengthen-ing the Romanian AML/CFT institutional system. In particular, the project will focus on strengthening the professional capacity of NOPCML and other main actors in the fight against Money Laundering and Terrorism Financing.

Groupes cibles

The direct beneficiary is the National Office for Prevention and Control of Money Laundering (NOPCML, Romania's Financial Intelligence Unit) as the institution responsible for the implementation of the project, as well as reporting entities, law enforcement authorities and supervision bodies. The indirect beneficiary is the general public in Romania.

Activités
  • Procurement of IT software for analysis of the financial information.
  • Procurement of hardware supporting acquired software solution for analysis of the financial information.
  • Strengthening professional capacity of main actors involved in AML/CFT.
Résultats

Résultats obtenus:   Due to insufficient progress in the past years, Switzerland was obliged to terminate the project. No results can be reported.


Principaux résultats attendus:  

  • Increased efficiency of the AML/CFT system's reporting component.
  • Increased efficiency of the AML/CFT system's intelligence component.


Direction/office fédéral responsable SECO
Crédit Contribution suisse à l'UE élargie
Partenaire de projet Partenaire contractuel
  • Romanian Ministry of Public Finance

Partenaire de mise en œuvre
National Office for Prevention and Control of Money Laundering (the Romanian Financial Intelligent Unit)

Budget Phase en cours Budget de la Suisse CHF   2'150'500 Budget suisse déjà attribué CHF   0
Phases du projet

Phase 10 22.04.2014 - 22.04.2016   (Completed)