Romania Integrity Agency Eyes Amendments To Wealth Statement Regulations

Current regulations on wealth statements do not compel dignitaries to declare their statute of shareholders or owners if their contribution to a company’s share capital is lower than EUR5,000, Macovei said at a round table meeting on "Public–Private Partnership for Responsibility, Integrity and Transparency in the economic sector."

 

Macovei stressed this situation prevents the agency from holding concrete information on a dignitary who owns a respective company.

 

According to Macovei, the agency can also check a company’s assets, stressing, however, that when checking the wealth of a dignitary, the agency’s inspectors must know in which companies the respective dignitary holds shares to extend checkups on the respective companies afterward.