New ONJN instructions in the AML field – What do they entail in practice? (Part III)          
11 Jul 2022

New ONJN instructions in the AML field – What do they entail in practice? (Part III)          

Andrei Cosma – Managing Associate Geanina Oprita – Associate by Geanina Oprița, Associate și Andrei Cosma, Managing Associate   Continuing the series of articles through which we intend to provide a practical review of the provisions of the Order of ONJN President no. 370/2021 for the approval of the Instructions on preventing and combating money laundering and terrorist financing in the field of gambling (hereinafter the...

Read More
New ONJN instructions in the AML field – What do they entail in practice? (Part II)
17 Mar 2022

New ONJN instructions in the AML field – What do they entail in practice? (Part II)

In the previous article we analysed one obligation imposed via the new Order of ONJN President no. 370/2021 for the approval of the Instructions on preventing and combating money laundering and terrorist financing in the field of gambling has been published in the Official Gazetter (hereinafter referred to as the AML Instructions), namely the requirements regarding the training of the personnel. In this article we will briefly analyze...

Read More
New ONJN instructions in the AML field – What do they entail in practice? (Part I)
10 Feb 2022

New ONJN instructions in the AML field – What do they entail in practice? (Part I)

On January 7, 2022, the Order of ONJN President no. 370/2021 for the approval of the Instructions on preventing and combating money laundering and terrorist financing in the field of gambling has been published in the Official Gazetter (hereinafter referred to as the AML Instructions). Thus, after more than two years, the new AML regime in the gambling sector has finally been completed, and hence it is extremely clear what obligations...

Read More
The Order of the President of ONJN regarding AML in the Romanian gambling industry was published today in the Official Gazette
07 Jan 2022

The Order of the President of ONJN regarding AML in the Romanian gambling industry was published today in the Official Gazette

Today was published in the Official Gazette Part I no. 21 (Monitorul Oficial Partea I nr. 21) Order of the President of ONJN regarding AML (Anti Money Laundering) in the Romanian gambling industry. The document is important for our industry as it puts on the market the instructions (rules) on preventing and combating money laundering and terrorist financing in the field of gambling in our country. This document is important for...

Read More
Daciana Dumitru:  “ONPCSB expects gambling operators to increase compliance with international standards in the field of AML/ATF”
13 Sep 2021

Daciana Dumitru: “ONPCSB expects gambling operators to increase compliance with international standards in the field of AML/ATF”

On 20 July 2021, the European Commission launched the new package of legislative proposals on combating money laundering and terrorist financing (AML/ATF). The aim is to protect the integrity of the EU financial system, to help protect European citizens against terrorism and organized crime. This topic, but also others, such as the stage of the National Risk Assessment, the new regulation on the organization and functioning of the...

Read More