Money laundering offenses are governed by Law no. 656/2002 on preventing and sanctioning money laundering, and the establishment of measures to prevent and combat terrorism financing, republished in 2012.
Under those provisions, the offense of money laundering consists of the following acts:
Knowing the origin of the goods or purpose can be deduced / inferred from objective factual circumstances.
It is useful to note that these provisions and those relating to the offenses committed by legal persons apply irrespective of whether the offense from which the good originated was committed in Romania or abroad. Our lawyers in Romania can help with more information about the acts that fall under this category.
Money laundering is punishable with imprisonment from 3 to 10 years. Also, the attempt on this offense is also criminalized.
However, the person who committed the crime and who, during the investigation, denounces and facilitates the identification and holding liable other participants in the offenses will be receiving halving the punishment limits set by law. Workign with our team of Romanian lawyers is helpful in these cases.
Yes. The legal framework provides that, in case the act was committed by a legal person, in addition to the fine penalty, the court shall apply, as appropriate, one or more of the complementary penalties applicable to legal persons provided for in the Criminal Code. These can be the following, briefly listed below by our lawyers in Romania:
Investors who open a company in Romania and wish to know more about how a legal person can be accused of such acts can reach out to the specialists at our Romanian law firm.
These goods will be confiscated in accordance with provisions of the new Penal Code. Moreover, if the goods are not subject to confiscation, their equivalent in money or the goods acquired in their place shall be confiscated, as well as income or other material benefits obtained.
If the confiscation can not be distinguished from the property acquired legally, goods up to the value of the goods subject to confiscation shall be confiscated. This applies in terms of income or other material benefits obtained from the goods subject to confiscation, which can not be distinguished from the goods acquired legally.
In order to ensure enforcement of the confiscation, it is mandatory to take precautionary measures. Our attorneys in Romania can assist.
The following natural or legal persons fall under these provisions:
Those that fall under these categories can discuss more with our Romanian lawyers.
These people must, in their work, adopt measures to prevent money laundering and terrorist financing and to this end, based on risk, shall apply standard measures, simplified or auxiliary, of knowing the clientele, which enables them to identify, if applicable, the beneficial owner. Also, these people and their employees are obliged not to disclose, besides from the cases provided by law, information held in relation to money laundering and terrorist financing and to not warn customers about the formal complaint.
From the moment an individual, while working for a legal person mentioned above or one of the individuals has suspicions that an operation to be performed is that of money laundering or terrorist financing, must inform the person in charge who immediately notifies the National Office for Preventing and Combating Money Laundering. The experts at our Romanian law firm can assist those making these notices. The appointee analyzes the information received and informs the Office regarding the reasoned reasonable suspicions. The Office acknowledges the receipt of the notification.
The Office shall analyze and process the information, and when it finds that there are serious indications of money laundering or financing of terrorism, immediately notifies the Prosecutor's Office of the High Court of Cassation and Justice.
In case you require more information regarding the offense of money laundering under the legal provisions of Romania or need specialized legal assistance regarding this crime, do not hesitate to contact the attorneys at Darie, Manea & Associates law firm in Romania who will provide accurate and complete information, finding the best solutions for your problems.