Regarding the measures implemented by Romania, on July 18, 2019, Part I, Law No. 129/2019 for preventing and combating money laundering and terrorist financing was published in the Official Gazette of Romania. However, it did not fully transpose 5AMLD, omitting categories of reporting entities, such as those in the field of cryptocurrencies. The non-transposition of 5AMLD led Romania to the Court of Justice of the European Union, currently Case C-549/18.

In order to streamline the mechanism for preventing and combating money laundering up to the limit provided by the directive and to avoid financial consequences that may result from the infringement procedure, the Government of Romania adopted an Emergency Ordinance on July 1, 2020, on amending and supplementing Law No. 129/2019, referred to as GEO, which also transposes the rest of 5AMLD into Romanian legislation.

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