Anti-Money Laundering – Evidence from Romania

Abstract

Because, today, the phenomenon of money laundering and terrorist financing has escalated, the European Union and, more recently, Romania, are looking to identify the most effective measures to counter this worrying phenomenon at the international level, which risks making the financial system vulnerable. Because accounting professionals must act in the public interest, the issue of money laundering must become a priority for accounting experts and financial auditors. In Romania, in recent years, there has been some progress in the fight against money laundering, but the effort to limit this phenomenon must be intensified in the next period, starting with the legislative changes imposed by the EU.