03.28.2024

Fraud prevention in corporate settings is not necessarily a matter of policies and procedures, but it is about cultivating a culture of integrity and vigilance among employees. more

01.18.2024

Alpha Bank Romania launched at the beginning of 2024 the identity verification function of the recipient of payments made through online banking by joining the Beneficiary Name Display Service (SANB), more

01.12.2024

Although many organizations tend to see fraud incidents as rather unlikely, usually based on their trust in both employees and business partners, the reality is that such events cannot be anticipated more

10.18.2022

Companies in Romania lose large sums every year because of fraud schemes orchestrated by or with the help of their own employees, according to Corporate Intelligence Agency, a company specialized in more

07.13.2018

Romania’s Finance Ministry announced that it supported two proposed EU directives designed to fight against VAT fraud during Friday’s ECOFIN meeting. more

01.04.2017

Over one third (38%) of the banks and financial organizations cannot distinguish between fraudulent and real transactions of their clients, saying that it is harder and harder to keep financial fraud more

06.11.2015

Nearly 40% of the employees of large business in Romania consider corruption and bribery as widespread phenomena in the local business environment, according to an EY survey. more

05.28.2014

The national association of Romanian insurers UNSAR plans to create a joint database, by the end of 2014, which will enable insurance companies to cross-check vehicle damages covered by voluntary car more

01.07.2014

A Bucharest district court on Tuesday acquitted Mihai Necolaiciuc, a former manager of Romania’s state-owned railway administrator CFR, of accusations of defrauding the company of EUR2.7 million. more

10.24.2013

Insurers in Romania lose about EUR150 million annually, or 10% of the value of underwritten premiums, because of fraud, Bogdan Andriescu, head of national association of brokers UNSICAR, said more

09.23.2013

The case of the share theft in which Ana Maria Mihaescu, head of the IFC mission in Romania, had shares worth 900,000 lei stolen from her account, raises new questions as to the safety of holding more

12.16.2012

The Bucharest Court of Appeals on Sunday placed Adrian Martis, executive manager of a BRD unit in Bucharest, and Andrei Nanu, commercial manager at another BRD unit in the capital, under preventive more

12.14.2012

Adrian Martis, executive manager of a BRD unit in Bucharest, Andrei Nanu, commercial manager at another BRD unit in the capital, and Vasile Crestin were the leaders of a bank fraud group which more

12.13.2012

Romanian organized crime prosecutors searched several places in Bucharest and in three counties targeting a group of bank fraud suspects accused of having taken illegal loans from two banks and of more

11.11.2012

The bulk or EUR505 million or a total of EUR515 million European Union’s funds absorbed in 2011 are suspected of fraud, said Catalin Ivan, the head of the Social Democratic PSD eurodeputies more

11.02.2012

Investigations run by Romanian organized crime prosecutors in the EUR22 million bank fraud case target no more than 0.08% of the bank system, not 80%, as reported in the media, central bank governor more

11.02.2012

Romanian organized crime prosecutors have detained 33 people, including the vice-president of lender BRD-Groupe Societe Generale Claudiu Cercel, in a EUR22 million money laundering and bank fraud more

11.01.2012

Romanian organized crime prosecutors on Thursday heard one hundred people, including bankers and government staff, in a EUR22 million bank fraud case. more

10.29.2012

Insurance companies in Romania will register losses estimated at EUR100 million in 2012 as a result of fraudulent damage claims on the segment of voluntary car insurance CASCO, Maria Boghian, more

09.13.2012

Turning in a neighbor to the fiscal authorities for suspected tax evasion might become a profitable business with the introduction of the “informant” system that awards quality reports of tax more

07.13.2012

The European Commission is preparing a letter to stop one payment for the construction of Romania's Arad-Nadlac highway, after finding irregularities and suspicions of fraud. more

03.23.2012

Romanian authorities have issued an international arrest warrant for MP Mihail Boldea, who has fled the country, and is wanted to stand trial over a real estate scam in which he allegedly defrauded more

02.23.2012

The Bucharest Court of Appeals has annulled the conviction of businessman Dinel Nutu, formerly known as Staicu, in the case of the fraud at the International Bank of Religions (BIR). more

01.18.2012

Fraud attempts recorded by Romanian stores using online payment platform ePayment dropped 15% last year, preventing losses of around EUR520,000. more

12.14.2011

Romanian state-owned lender CEC Bank said Wednesday it has blocked a number of bank cards issued by financial institutions in Romania, citing possible security breaches. more