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Publication of the MONEYVAL Fifth Round Mutual Evaluation Report on the Republic of Moldova

Between 15 and 19 July 2019, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) held its 58th Plenary meeting in Strasbourg from 15 to 19 July 2019.

During the Plenary the Report of the Republic of Moldova was examined and adopted in the context of the MONEYVAL 5th Round Mutual Evaluation to assess the national system for preventing and combating money laundering and terrorist financing for the 2013 - 2018 period.

The approval of the Report, in the existing editorial is an important achievement for the Republic of Moldova and a positive aspect for the system of prevention and control of money laundering and terrorist financing, both for the competent national authorities and for the reporting entities.

At the same time, we mention that, based on the findings of the evaluation team, conclusions were made regarding the situation in each sector and recommendations on the actions to be taken by the national authorities in order to redress certain aspects that need improvement.

Thereafter, during the period of December 2020, the Republic of Moldova will be subject to the procedure of consolidated review of the degree of implementation of the Recommendations set out in the Report, which imposes the delayed undertaking of the actions in order to carry them out by the authorities involved.

Based on the results of its evaluation, MONEYVAL decided to apply its enhanced follow-up procedure and invited Moldova to report back in 2021.

MONEYVAL also elected Ms Elzbieta Frankow-Jaskiewicz (Poland) as new Chair and Mr Richard Walker (Guernsey) as new vice-Chair for the remainder of the term (i.e. until 31 December 2019) of the outgoing Chair, Mr Daniel Thelesklaf (Liechtenstein) and vice-Chair Ms Elzbieta Frankow-Jaskiewicz (Poland) respectively. Mr Ladislav Majernik (Slovak Republic) was also elected member of the MONEYVAL Bureau for the same term.

Fifth Round Mutual Evaluation Report on the Republic of Moldova

Summary of Fifth Round Mutual Evaluation Report on the Republic of Moldova