Moldova has improved its measures to combat money laundering and terrorist financing and has made progress in this area - MONEYVAL
The Council of Europe's MONEYVAL committee reported this in its report, noting that Moldova has made progress in preventing money laundering and terrorist financing with regard to customer due diligence measures applied by casinos, real estate agents, and providers of trust and corporate services, as well as in terms of transparency and beneficial ownership of legal entities and legal arrangements. Accordingly, MONEYVAL re-evaluated three recommendations of the Financial Action Task Force (FATF) on these issues from “partially compliant” to “largely compliant.” The MONEYVAL report also notes some progress in the country's compliance with FATF recommendations regarding non-profit organizations and virtual asset service providers. However, the rating for these recommendations remains “partially compliant.” Overall, out of the 40 FATF recommendations, MONEVAL assesses Moldova as compliant with 9 recommendations, largely compliant with 28 recommendations, and partially compliant with 3 recommendations. None of the FATF recommendations are assessed as non-compliant. MONEYVAL's on-site visit to Moldova for the 6th round of mutual evaluation will take place in April 2028. Taking this into account and applying its rules of procedure, MONEYVAL decided that Moldova will no longer be subject to the 5th round monitoring process. In its second report on follow-up measures, adopted at its 67th plenary meeting in May 2024, MONEYVAL decided to apply its Compliance Enhancing Procedures (CEP) to Moldova. Subsequently, at its plenary meeting in December 2024, MONEYVAL amended the criteria for applying the CEP. In accordance with the new criteria, the country was no longer subject to the CEP. In this regard, MONEYVAL decided to no longer apply the CEP to Moldova. The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) is a monitoring body of the Council of Europe and a regional body similar to the Financial Action Task Force, which assesses compliance with the main international standards on combating money laundering, terrorist financing, and the financing of the proliferation of weapons of mass destruction, as well as the effectiveness of their implementation. It covers 35 jurisdictions, 32 of which are assessed exclusively by MONEYVAL. // 19.06.2025 — InfoMarket.
