Cooperation with EBRD and other development partners is fundamental for strengthening the transparency and integrity of the financial market in Moldova - NBM
Vladimir Munteanu, First Vice Governor of the National Bank of Moldova (NBM) stated this while speaking at the opening of the seminar “Enhancing the role of compliance in international trade”, organized by the NBM, the European Bank for Reconstruction and Development (EBRD) and Argos Advisory. According to the National Bank, the 2-day seminar gathered in Chisinau international experts in the field of financial regulation and compliance. In his speech, Vladimir Munteanu emphasized the importance of complying with international standards in the financial sector in a complex economic and geopolitical context. “Moldova is located in a region marked by serious challenges and the implementation of a robust compliance system is essential to maintain financial stability and enhance our credibility internationally. Cooperation with the EBRD and other development partners is fundamental to strengthen the transparency and integrity of the financial market in Moldova,” Vladimir Munteanu said. As NBM notes, the event covers the topics of risks related to international sanctions, financial compliance rules and strategies to prevent illegal activities, including measures in different jurisdictions. The seminar continues on January 22 with an in-depth look at compliance issues, including case studies on international sanctions, an update from the U.S. Treasury on the Office of Foreign Assets Control (OFAC) program, and an analysis of trade-based money laundering risks. “These topics are not only relevant, but necessary to strengthen our ability to meet increasingly complex challenges. Our role, whether we represent authorities or financial institutions, is essential. It is only through collective efforts and close cooperation that we can constantly adapt our regulations, identify emerging risks and bring ourselves in line with the best international practices”, concluded the First Vice Governor of the NBM. According to him, the mentioned event marks an important milestone in the harmonization of the Moldovan financial sector with international standards and in the strengthening of risk prevention mechanisms in the global trade. // 22.01.2025 - InfoMarket.
