Romanian Officials’ Transactions To Be Monitored EU-Wide-Draft Law

The draft is a prophylactic measure against money laundering, corruption and tax evasion by dignitaries.

Both Romanian officials as well as representatives of the Transparency International organization in Romania worked on drawing up the draft law, within a project financed with British funds.

According to Transparency International, the first stage of the project eyes establishing the category of “Politically Exposed People, or PEP, who might commit such deeds as money laundering or tax evasion.

According to the draft law, the category of Politically Exposed People includes:  the president, MPs, European commissioners, Government members, presidential advisers, judges and prosecutors, members of the Court of Accounts, ambassadors, military personnel as well as members of administration councils, heads in charge with public authorities and all other people who occupy positions similar to these.

The European directive stipulates that the list containing the names of Politically Exposed People would be sent to all the institutions in the EU with similar attributions as the National Office for Money Laundering Prevention.