Moldova becomes fully-fledged member of Egmont Group

The Republic of Moldova has become a fully-fledged member of the Egmont Group – international organization designed to prevent and combat terrorist financing and money laundering, Info-Prim Neo reports, quoting the press service of the Center for Combating Economic Crime and Corruption. The decision to accept Moldova was taken at a plenary meeting of the Egmont Group in the capital of South Korea, Seoul. A delegation of Moldova headed by the Center’s director Sergiu Puscuta took part in the meeting. The Center for Combating Economic Crime and Corruption will have access to the Egmont Group’s information network through which it will exchange information with the similar services of the member states with the aim of combating money laundering and terrorist financing. During the accession period, Moldova has assessed the extent to which the national legislation on the prevention and combating of money laundering and terrorist financing complies with the standards imposed by the Egmont Group, assisted by MOLICO Project of the European Commission, the Swedish Agency for International Development Cooperation, and the Council of Europe. The Egmont Group was created in 1995. Its goal is to improve interaction among financial intelligence units in the areas of communications, information sharing, and training coordination and in the fight against money laundering, terrorist financing and other financial crimes. Presently, it has 108 members.

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