Romania Integrity Agency Eyes Amendments To Wealth Statement Regulations

Romania’s National Integrity Agency (ANI), an institution checking the correctness of wealth statements submitted by dignitaries, plans to urge amendments to the law regulating the agency’s activity to eliminate the EUR5,000 threshold from wealth statements, ANI head Catalin Macovei said Monday.

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Current regulations on wealth statements do not compel dignitaries to declare their statute of shareholders or owners if their contribution to a company’s share capital is lower than EUR5,000, Macovei said at a round table meeting on "Public–Private Partnership for Responsibility, Integrity and Transparency in the economic sector."

Macovei stressed this situation prevents the agency from holding concrete information on a dignitary who owns a respective company.

According to Macovei, the agency can also check a company’s assets, stressing, however, that when checking the wealth of a dignitary, the agency’s inspectors must know in which companies the respective dignitary holds shares to extend checkups on the respective companies afterward.

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