Moldovan cabinet approves action plan on reducing risks in money laundering, financing terrorism for 2017-2019

Chisinau, 27 September /MOLDPRES/ - The cabinet today approved an action plan on reducing risks in the field of money laundering and financing terrorism for 2017-2019. The document was worked out in the context of ending the process of national evaluation of risks in the sector of money laundering and financing terrorism and giving final touches to the Report on national assessment to this end, the government’s communication and protocol department has reported.

The measures proposed to achieve the main goals of the action plan regard the following: improving the legal framework, identifying and reducing sectoral risks, undertaking measures to identify the effective beneficiary, improving the supervision, reducing cash transactions. Other actions concern the inter-institutional cooperation, international collaboration, technical equipment of the law-enforcement bodies, prosecutors and judges in the field of parallel financial investigation and recovery of incomes with illegal origin.   

The period of the actions’ implementation is three years, with partial covering from resources attracted within foreign technical assistance projects, as well as within the budgets of the institutions concerned.