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EU: Changes in PEP Status Due to Elections in Romania and Croatia

Header Elections EU.

Summary 

Elections in Romania and Croatia this month could affect the status of politically exposed persons (PEPs). Organisations subject to AML regulations should monitor these developments closely.

1/12/2024

This month, elections in Romania and Croatia may impact the status of politically exposed persons (PEPs). Organisations subject to AML regulations should anticipate these changes in their AML compliance processes. 

 

Romania 

  • Parliamentary elections took place on December 1.
  • The second round of presidential elections is scheduled for December 8.

 

Croatia 

  • Presidential elections are planned for December 29.

 

The election results could alter the composition of PEP lists. It is therefore essential to actively monitor these developments and update internal systems in a timely manner. This ensures you remain compliant with legal requirements and mitigate risks related to integrity and money laundering. 

 

Source: List of elections in 2024

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