The activities of the individuals and entities put on the U.S. sanctions list for malign influence operations in Moldova as well as systemic corruption in Moldova will be strictly monitored in the Republic of Moldova too. In this regard, the Commission for Exceptional Situations approved a series of decisions that transpose the effect of the sanctions imposed by the Untired States Department of the Treasury’s Office of Foreign Assets Control, IPN reports.
This way, the reporting entities will take increased precautionary measures with regard to transactions that do not match the daily activities of the sanctioned persons and of persons who are suspected of being associated with these. The list of the latter will be compiled and updated by the Information and Security Service that will cooperate in this regard with the Service for Prevention and Combating of Money Laundering, the National Bank of Moldova and other public authorities with duties in the field.
The reporting entities will also refrain from executing activities and transactions, including of those related to the payment of dividends, sale of real estate and securities, performed by sanctioned persons, for a period of up to five workdays.
Also, the Public Services Agency, the Central Securities Depository, the National Commission for Financial Markets and other legal entities authorized to register goods and rights, including over holdings in share capitals of legal entities, well refrain from any activities that facilitate the transfer and/or conversion of these for designated persons. The entities will inform the Service for Prevention and Combating of Money Laundering about the initiated actions immediately or within 24 hours.
For its part, the Service will make decisions to stop the execution of activities and transactions with goods, including financial resources, holdings in share capitals of legal entities and the registration of rights over these during a period of at most 30 workdays.
