25 Oct 2017

ANTI-MONEY LAUNDERING AND TERRORISM FINANCING RISKS, ASSESSED AND INCLUDED IN NATIONAL REPORT

The National Risk Assessment Report and Action Plan for reducing the risks of Money Laundering and Financing of Terrorism were officially presented to major stakeholders during a launching event held on 20 October, organised under the coordination of the EU High Level Adviser on Anti-Money Laundering and Combatting Financing of Terrorism Igoris Krzeckovskis. The purpose of the event, attended by over 50 representatives of Government institutions, diplomatic missions, Delegation of the European Union to the Republic of Moldova, international organisations, law enforcement agencies and professional unions, was to present the final results of the above-mentioned assessment process, highlight the main threats and vulnerabilities of the national AML/CFT regime, familiarise the participants with the content of the documents and create a roadmap for addressing the identified legal and institutional shortcomings concerning AML/CFT matters.

The assessment process was started by the Republic of Moldova as part of the Association Agreement with the European Union, and the action plan will be used to implement the 4th EU AML Directive and the main international AML/CFT standards.

The National ML/TF Risks Assessment of Moldova was performed using the methodology and in close cooperation with the World Bank experts. The entire procedure of Risk Assessment was performed by 15 institutions, the main coordinator of the activity being the Financial Intelligence Unit within the National Anticorruption Centre of the Republic of Moldova. The National Risk Assessment in Moldova was performed during the period of October 2015 - February 2017.

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