Funds will be used to buy anti-money laundering software and hardware, as well as for professional training.
Thomas Stauffer, head of the Swiss Contribution Office in Romania, said the project targets to crack down on money laundering by enhancing the capacity of Romania’s National Office for the Prevention and Control of Money Laundering.
Romania’s Finance Minister Ioana Petrescu said the financing agreement is part of the Swiss-Romanian cooperation program aimed at reducing economic and social disparities. Total funds earmarked for this purpose amount to CHF181 million, of which Romania contracted around 70%. Petrescu also said talks on granting financing of CHF1.3 million to Romania’s tax authority ANAF are ongoing.