The National Bank of Moldova continues to prudently monitor the international transfers in the context of the reform agenda agreed with the development partners in 2016. Currently, the situation is stable and does not generate risks and concerns, the institution says in a press release that is quoted by PN.

As a result of press reports about substantial withdrawals of funds from the accounts of companies with state-owned capital, the central bank said additional measures were taken as part of the regime to monitor international transfers. It uses informatics services of providers of financial delivery services that refer to particular categories of information that is obtained or processed by licensed banks. “These services cover the access to data about international transfers,” runs the press release.

According to the bank, these data represent reasons for analyzing the capital flows and financial markets, efficiency of transfer services in connection with the duties to implement the monetary policy, currency regulation and bank surveillance. This way, the risks related to capital adequacy and liquidity of banks, etc. are assessed. At the same time, the obtained information is used to identify signs of eventual involvement of banks or their clients in money laundering and/or terrorism financing.