The MPs gave a final reading to the amendments to a number of legislative acts – the so-called deoffshorization law – which are designed to protect the public sector from security risks posed by local and international criminal groups, IPN reports.

The authors of the bill, the MPs of the Party “Dignity and Truth Platform”, said the financial security of the Republic of Moldova, which refers to financial transactions involving commercial companies, especially financial institutions, and to the stability of the national budget, the rights and principles guaranteed by the Constitution, necessitates appropriate measures to prevent the participation by subjects that come from jurisdictions that do  not obey the international transparency standards  in any kind of activities that can endanger the national interests of the state and of the Moldovan citizens.

The law imposes restrictions on the participation in privatization procedures, public-private partnerships and public procurement and aims to adjust the national legal framework so as to ensure the efficient and comprehensive fulfillment of Moldova’s commitments concerning money laundering and transparency of funds, including those made under the Association Agreement with the EU.