Romania Country Summary
Medium-Low Risk
View full Ratings TableSanctions
Lower Concern
FATF AML Deficient List
Lower Concern
Terrorism
Medium Concern
Corruption
Medium Concern
US State ML Assessment
Medium Concern
Criminal Markets (GI Index)
Medium Concern
EU Tax Blacklist
Lower Concern
Offshore Finance Center
Lower Concern
Please note that although the below Summary will give a general outline of the AML risks associated with the jurisdiction, if you are a Regulated entity then you may need to demonstrate that your Jurisdictional AML risk assessment has included a full assessment of the risk elements that have been identified as underpinning overall Country AML risk. To satisfy these requirements, we would recommend that you use our Subscription area.
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Anti Money Laundering
FATF Status
Romania is not on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Romania was undertaken in 2023. According to that Evaluation, Romania was deemed Compliant for 7 and Largely Compliant for 18 of the FATF 40 Recommendations. It was deemed Highly Effective for 0 and Substantially Effective for 1 of the Effectiveness & Technical Compliance ratings.
Sanctions
There are currently no international sanctions in force against Romania.
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 46 |
| World Bank: Control of Corruption Percentile Rank | 56 |
Romania continues to grapple with significant challenges related to crime and corruption, despite notable progress in recent years. While the government has implemented various anti-corruption strategies and legal frameworks, issues such as human trafficking, organized crime, and widespread corruption persist, impacting both governance and public trust.
Economy
Romania presents a favorable environment for foreign investment, characterized by its strategic location, EU and NATO memberships, a well-educated workforce, and competitive wages. The government actively encourages foreign direct investment across various sectors, including information technology, automotive, and energy, although potential investors should be cautious due to ongoing challenges such as bureaucratic inefficiencies and corruption. Despite experiencing economic growth, Romania faces hurdles in effectively utilizing EU funds and improving its governance structures, which may impact its investment climate and long-term economic stability.
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