Romania has finally transposed the 4th AML Directive
into its domestic legislation and required implementation of a
national Beneficial Ownership Registers
Romania: Beneficial Ownership Registers
On 21 July 2019, the new law on the prevention of money
laundering and terrorist financing (Law No. 129/2019) entered into
force, aligning Romania's national legislation with EU
anti-money laundering requirements and establishing the legal
framework for national beneficial ownership registers.
All private entities and trusts registered in Romania are
required to have adequate, accurate and up-to-date information on
their ultimate beneficial owners (UBO), including on the mechanism
by means of which such control and capacity is exercised, and to
have specific data entered into the registers held by:
