Legal entities founded by subjects from jurisdictions that do not comply with international transparency standards shall not have the opportunity to participate in privatization procedures, public-private partnerships, public procurement and concessions of works and services. This is provided by a draft law approved by the Government. Restrictions also refer to legal entities whose members, directly or indirectly, are persons registered or residing in such jurisdictions, IPN reports.
"The previous regime tried to turn the Republic of Moldova into an offshore, it involved us as a state and citizens in a lot of transactions and contracts with offshore companies that led to huge damages to the state. Now we wonder who is behind these offshore companies that stole money from the Banca de Economii or took over the Airport. Everyone who wants to conclude transactions with the state, everyone who wants to win tenders for the supply of services or goods, should display all their contact information, to know who they are, who is the final beneficiary of these companies and to put an end to all the schemes that have happened in all these years”, declared the Prime minister Maia Sandu.
The National Bank of Moldova (BNM) and the National Financial Markets Commission (CNPF) approve the list of jurisdictions that do not implement international transparency standards. The list approved by the CNPF is a larger one than in the case of the BNM, because it also includes the countries that represent a high degree of risk.
The Ministry of Economy and Infrastructure proposes to supplement the draft law with the notion of "effective beneficiary" - the person who ultimately owns or controls a natural person or legal entity, a person on whose name an activity or a transaction is carried out.
The document also proposes measures to avoid the risks of post-contract transfer of the obligations and tasks of executing public procurement contracts, public-private partnerships and concession of works and services by the contractor directly to a third party.
