The Republic of Moldova is strengthening its capacity to prevent money laundering and terrorist financing through cooperation with the European Union. According to the National Bank of Moldova (NBM), on Monday, June 23, officials held a workshop focused on aligning Moldova’s legislative and institutional framework in the field of AML/CFT (anti-money laundering and counter-terrorist financing) with EU standards.
The National Bank of Moldova and the Office for the Prevention and Fight Against Money Laundering brought together their representatives to create a hands-on platform for enhancing institutional capacities to combat money laundering and terrorist financing, as well as for improving asset tracing and recovery procedures.
Petru Rotaru, First Deputy Governor of the NBM, emphasized the importance of international cooperation and EU assistance in aligning Moldova’s national framework with European Union standards and regulations. “The continued support of European partners is a key element in Moldova’s alignment with the EU acquis. By enhancing our institutional capabilities and with the help of international partners, the Republic of Moldova can fulfill its strong commitment to adopting the best European practices and effectively implementing the AML/CFT framework,” stated Rotaru.
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Participants reviewed sections of national legislation that still need adjustments to comply entirely with European standards.
In this context, Rotaru noted Moldova’s progress in aligning with international financial integrity standards, highlighted by its admission to the SEPA European payment system and by the latest MONEYVAL report from the Council of Europe, which confirmed significant improvements in preventing money laundering and terrorist financing.
“The directive includes key elements such as ultimate beneficiary reporting and inter-institutional cooperation. By consolidating our efforts, we’ve shown we can effectively exchange experience, and the National Bank of Moldova remains firmly committed to improving the legal framework,” the NBM official added.
The EU and Council of Europe organized the workshop under the Partnership for Good Governance Program, which supports Eastern Partnership countries in preventing and combatting economic crime at both national and regional levels.
