The Independent Anti-Corruption Advisory Committee (CCIA) presented a report entitled “The Offshore Republic” in the Russian language. The report depicts the actions taken to investigate factors leading to systemic fraud and money laundering in Moldova’s banking, insurance and financial sectors.

In a news conference hosted by IPN, the Committee’s co-chair James Wasserstrom said the report presents the failures of a number of state institutions to prevent stealing in these sectors and their capture by oligarchs and corrupt people.

The report also contains over 50 recommendations for removing the faults intended for state institutions.

James Wasserstrom said the report presents the first part of the work done by the Committee. The first report was made public in July this year, while the next report will be published in February 2023. The second and most important part of the work centers on the addressing of flaws. This will include the monitoring of implementation of recommendations.

Founded by presidential decree in June 2021, the Independent Anti-Corruption Advisory Committee is a joint independent international and national body. Its main purpose is to analyze systemic corruption issues that cut across Moldovan institutions and improve implementation of anti-corruption measures by the relevant parties.

The Committee performs research based on reliable facts and sources, then publishes its recommendations to optimize the effectiveness of the efforts of the Republic of Moldova in leading the fight against corruption. Subsequently, the CCIA assesses the implementation of measures by state actors and stakeholders and renders the findings public.

Note: IPN News Agency gives the right of reply to persons who consider they were touched by the news items produced based on statements of the organizers of the given news conference, including by facilitating the organization of another news conference in similar conditions.