30 May 2018

EU AND NATIONAL ANTI-MONEY LAUNDERING STANDARDS, TO BE IMPLEMENTED MORE EFFICIENTLY

During a seminar organised today by the EU-funded ‘Assistance to the Implementation of EU High Level Advisers’ Mission’ in cooperation with the Office for Prevention and Fight against Money Laundering, over 60 experts responsible for implementing the Anti-Money Laundering/Combatting Financing of Terrorism (AML/CFT) measures in the banking and financial sectors learned how to efficiently implement EU and national standards in their daily operations. The event was also attended by experts from supervisory authorities in charge of overseeing the AML/CFT regime, as well as representatives of European Union Delegation and other experts.

The main objective of the seminar was to present the key changes in the legal framework related to Anti-Money Laundering and Combating the Financing of Terrorism, as a result of the implementation of the 4th EU AML/CFT Directive in the national legislation of the Republic of Moldova, to discuss and provide information regarding the new AML/CFT Law and related secondary legal acts (guidelines, methodology and handbook). Special attention was paid to the amendments of the AML/CFT regime, which will significantly improve the activity of private reporting entities and the future collaboration and cooperation between the state institutions involved in the AML/CFT system. Another aim of the event was to highlight the details regarding the new structure and responsibilities of the reformed Office for Prevention and Fight against Money Laundering (FIU) under the Government, and the changes which will occur as a result of this reform.

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