The Executive Board of the National Bank of Moldova approved changes to the list of jurisdictions that do not implement the international transparency standards. In a press release, the bank said the list was supplemented with 16 jurisdictions, namely: Botswana, Cabo Verde, Cambodia, Curacao, the Republic of Ghana, Fiji Islands, Labuan Islands, the Maldives, Oman, American Samoa, Morocco, the Mongolian People’s Republic, Palau, Thailand, the Tunisian Republic, Trinidad and Tobago.
The modifications were made based on an analysis of the lists compiled by the Financial Action Task Force, the EU and the Organization for Economic Cooperation and Development. The given lists include the high-risk and other monitored jurisdictions, the jurisdictions with deficiencies in their strategies for fighting money laundering and terrorism financing and also the non-cooperative offshore countries and jurisdictions that do not implement transparency standards and do not ensure exchange of information for fiscal purposes.
According to the central bank, the decision is aimed at preventing the purchase or direct or indirect obtaining of assets in a bank in Moldova by persons residing in jurisdictions that do not meet the international transparency standards and at not allowing setting up branches of banks based in such jurisdictions in Moldova.
