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Real estate: Real estate sector considered most exposed to money laundering in Romania

The real estate sector was considered the most exposed in Romania to money laundering, but there is also a similar risk in the farming sector, said Adrian Cucu, the president of the National Office for Money Laundering Prevention and Control (ONPCSB).

 

I would like to say a few words about sectors that are considered the most vulnerable to money laundering.

 

The first and most exposed sector is real estate, including constructions, building material trade and real estate developers and agencies, by the excessive use of cash, labor force, black market labor and other forms of credit that avoid the banking system.

This sector was considered the most exposed to money laundering because of subsidy policies of which many people try to take advantage,” said Adrian Cucu at a conference devoted to the banking and financial industry, organized by the National Statistic Institute and MediaUno Press Group, at “Bucharest Leaders' Summit: The Way to Success”.

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