The study presents the actions of prevention and fighting against money laundering carried out primarily by financial institutions. Money laundering includes those financial operations by which sums of money obtained from crimes are given the appearance of legality of source. The crime of money laundering has an autonomous character compared to the predicate crime, not being conditioned by the pronouncement of a conviction for this crime. An ...

The effective protection of personal data throughout the European Union required the strengthening and setting out in detail the obligations of those who process and determine the processing of personal data. In order to ensure a processing which meets the requirements of the General Data Protection Regulation and protects the rights of data subjects, the controller and the processor have the obligation to apply appropriate technical and orga...

Prior to the General Data Protection Regulation (GDPR), the procedure for notifying the supervisory authority was designed to ensure disclosure of the purposes and main features of any processing operation for the purpose of verification that the operation is in accordance with the national measures taken under Directive 95/46/EC. With the application of Regulation (EU) 2016/679, controllers are no longer required to notify data processing, ho...

According to Romanian National Bank Regulation No 18/2009 regarding the administration of credit institutions activity, the internal process of evaluation of the capital adequacy to risks and the prerequisites of outsourcing their activities as well as according to Basel Committee on Banking Supervision.Internal control is a continuous process, set up for providing a reasonable insurance that the performance objectives of the bank are m...