Order 37/2021 introduces in the internal legal framework new norms for the implementation of the provisions of Law No. 129/2019 for preventing and fighting money laundering and terrorist financing, as well as for amending and supplementing certain legislative acts (“Law 129/2019”), repealing the existing implementing norms, as previously adopted by Order of the President of the National Office for Prevention and Control of Money Laundering No. 102/2020.
Order 37/2021 mainly concerns implementing, also at the level of application norms, the amendments generated by the transposition into national law of the provisions of Directive (EU) 2018/843 of the European Parliament and Council of 30 May 2018 amending the Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, as well as amending Directives 2009/138/EC and 2013/36/EU (“AML V Directive”).
Order 37/2021 has the purpose of correcting the legislative inconsistencies between Law 129/2019 and the implementing norms. The Implementing Norms, as introduced by Order 37/2021, entered into force on 9 March 2021