AmCham Moldova proposes giving businesses a year to transition to the new AML and CFT regulations
A business association in Moldova has proposed softening and phasing in the new AML/CFT requirements, citing the risks to companies posed by tight implementation deadlines, complex procedures, and severe penalties. The discussion centers on a transition period, clarifying the responsibilities of regulated entities, and a more predictable accountability mechanism that should take into account the scale and nature of violations.
