ECONOMY FINANCE&BANKING POLITICS

Government wants to monitor money transfers. How could this affect Romanians abroad?

The Government wants to find out details about all the banking transactions exceeding EUR 2,000. The opposition claims that this measure could affect the Romanians abroad who work illegally and send money home.

Liberal think that the amounts of money sent in Romania will have to be justified, and if there are no documents, they will be seized. The representatives of the ruling parties contradict them. Only the name of the person who performs the transaction will be needed, without any supporting document.

“It is the implementation into the national legislation of a European directive which proposes that the sender of any amount exceeding EUR 1,000 must be known. The Government’s proposal raised the threshold to EUR 2,000, and we will debate if this threshold should be maintained or raised” stated the Chairman of the Budget Committee of the Deputies’ Chamber, Marius Budai (PSD).

The draft law adopted in the last Government’s meeting provides that the transfers exceeding EUR 2,000 will be monitored, and the suspect ones will be reported to the Anti-Money Laundering Office.

The draft law will be debated by the Parliament.

 

Florin Citu (PNL): PSD covers the budget gap with money from Romanians in the diaspora; they don’t have money for pensions and salaries, so they take money from everywhere they can

 

The senator of the National Liberal Party (PNL) Florin Citu stated on Saturday that “PSD covers the budget gap with money from the Romanians in the diaspora”, since a draft law has been approved in the last Government’s meeting, providing that the money sent in the country by Romanians can be seized if they are not justified with documents. “They are desperate. They don’t have money for pensions and salaries, so they take money from everywhere they can” claims Citu, who says he is sure that money from the 2nd Pension Pillar will be taken in July.

Citu posted on Saturday a Facebook message in which he claims that “OSD covers the budget gap with money from the Romanians in the diaspora”.

“I warned you and I was right! Dragnea and PSD are thinking to the money of the Romanians in the diaspora, too. The amounts exceeding EUR 1,000 were to be seized if they weren’t justified with documents. Even the one who holds the position of the Public Finance Minister only with his name assured us that they are not hurry to issue such a law. They lied! For how many times? Thursday, a few weeks after these assurances, the draft law seizing Romanians’ money sent in the country without supporting documents was approved in the Government’s meeting. They made a single ‘concession’. Now, the threshold is EUR 2,000” Citu wrote.

This explains the fact that, according to this law, “implicitly, all Romanians sending money home are deemed criminals… if they can’t prove with papers that they are not”.

“It is ironic, isn’t it? PSD shouts every day about the presumption of innocence, which rule apparently applies only to the PSD members. When it comes about the other Romanians, all of us are criminals and terrorists until we prove our innocence. They are desperate. They don’t have money for pensions and salaries, so they take money from everywhere they can. But they avoid to take them form investors, because the latter understood that they are working with thieves and they doubled, even tripled the interest” Citu also wrote on Facebook.

The Liberal senator says he is sure that they will also take the money from the 2nd Pension Pillar in July.

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