The Republic of Moldova has improved its measures to combat money laundering and terrorist financing, according to the latest report by MONEYVAL, the Council of Europe body responsible for combating money laundering. The progress made by the country has allowed the organization to reassess three recommendations of the Financial Action Task Force on these issues, changing the rating from “partially compliant” to “largely compliant,” IPN reports.
The MONEYVAL Committee acknowledges that the country has improved its customer due diligence measures for casinos, real estate agents, and trust and company service providers. Significant progress has also been made in the area of transparency of beneficial owners of legal persons and structures.
Overall, out of the 40 recommendations made by the Financial Action Task Force, MONEYVAL considers that the Republic of Moldova is “compliant” with nine recommendations, “largely compliant” with twenty-eight recommendations, and “partially compliant” with three recommendations. No recommendation is considered “non-compliant.”
MONEYVAL has decided that the Republic of Moldova will no longer be subject to the fifth round of monitoring. MONEYVAL’s mutual evaluation visit to the Republic of Moldova, as part of the sixth round, is scheduled for April 2028.
