National strategy to prevent money laundering and terrorist financing by 2025, approved

The national strategy for preventing and combating money laundering and terrorist financing for the years 2020-2025 and the Action Plan for the implementation of the strategy was approved today, May 26, by the Parliament, during the plenary session.

According to the document, the terms of execution of some provisions of the strategy are modified, as a result of the extension of the implementation period. The action plan of the strategy was also drafted in order to expressly indicate the authorities responsible for carrying out the actions.

Following the approval of the National Risk Assessment Report in the field of preventing and combating money laundering and terrorist financing, the action plan for the implementation of the strategy was supplemented with some measures in order to minimize the identified risks.

Another provision refers to the completion of the strategy with the recommendations formulated by the experts in the evaluation process of the Republic of Moldova by the Global Forum of the Anti-Corruption Network for Eastern Europe and Central Asia (OECD).

At the same time, Parliament’s decision to approve the National Strategy for Preventing and Combating Money Laundering and Terrorist Financing for 2020-2025 has been supplemented by a new annex. It includes a list of indicators that will be used to determine the effectiveness of the national system for preventing and combating money laundering and terrorist financing.

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