American and Romanian experts from the public and the private sector met on November 6 and 7 in Brasov to discuss the key trends in complex financial investigations and money laundering mechanisms, in an event organized by the U.S. Department of Justice's Office of Overseas Prosecutorial Development, Assistance and Training (OPDAT) and the National Anticorruption Directorate, the U.S. Embassy informed in a release.According to the cited source, the meeting highlighted the cooperation between the United States of America and Romania in combating transnational financial crimes, and identified possible areas of cooperation with the law enforcement agencies from both countries.U.S. ambassador Kathleen Kavalec expressed appreciation for the high level of cooperation between the U.S. and Romania in combating financial crime, for the effective prevention of fraud and for strengthening citizen security, emphasizing that law enforcement cooperation represents a consolidation of the shared democratic values, especially of the rule of law.The United States and Romania are committed to working together to combat transnational financial crime and corruption and to ensure that the proceeds of crime are returned to victims, regardless of whether they are individuals or citizens of our nations, said Peter Halpern, Resident Legal Advisor with the U.S. Embassy, U.S. Department of Justice/OPDAT.The conference program included six sessions in which experts discussed financial crime patterns, money laundering included, participated in interactive debates, and also presented case studies and real work scenarios. The participants exchanged best practices, shared key lessons learned and identified current trends in complex financial investigations. (Photo:https://www.facebook.com/bucharest.usembassy)
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
Bucharest, November 14, 2024 – Exim Banca Romaneasca offers clients the possibility to verify the true identity of the beneficiary when initiating a payment in RON through internet or mobile banking. This is enabled by the bank’s adoption of the Beneficiary Name Display Service (SANB), which helps prevent fraud and reduces erroneous transactions caused by […]
Fifty NGOs and civic groups, along with the Bucharest Environmental Platform, have drawn up an open letter calling on Romania’s Ministry of Environment, Waters, and Forests to urgently approve the Management Plan for the Văcărești Natural Park in Bucharest. They say the plan has been pending approval for nearly a year. The non-profits noted that […]
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, reports consolidated turnover of 306.2 million lei as of September 30, 2024, with an EBITDA of 43.4 million lei and a net profit of 16.1 million lei. “If at the end of 2023 we anticipated potential stagnation in the automotive...
KingsRock Advisors, the global independent financial advisory firm, said it is expanding its European Union operations by opening an office in Stockholm and appointing top bankers to develop its EU business. Mihai Ionescu, former CEO of Deutche Bank Romania, will coordinate KingsRock’s Eastern European operations from Bucharest. With a long career in investment banking, Ionescu […]
