Council of Europe recommends that Moldova optimizes regime of crime assets' confiscation

Chisinau, 11 September /MOLDPRES/ - The Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism – Moneyval has asked Moldova to use the legislative framework for combating the money laundering and enhance the efficiency of the confiscation and recovery of crime assets. A report to this effect was published today.   

The report unveils a comprehensive assessment of the efficiency of the system of combating the money laundering in Moldova and fighting the financing of terrorism.

„Moldova is facing diverse threats of money laundering, which come basically from corruption, fiscal evasion and contraband, trafficking of drugs and people,” reads a press release published on the Council of Europe’s official webpage.  

The communiqué also reads that the Moldovan authorities adopted and implemented more strategic documents, which proves that the depriving of offenders of the crime products is a goal of policy. Nevertheless, figures on the number and value of assets confiscated remain low, the report reads.  

Based on the findings of its evaluation, Moneyval ruled to enforce the procedure of improved monitoring in the case of Moldova and invited the country to submit a report on the matter in 2021.