The Government approved the plan of action for reducing the risks of money laundering and terrorism financing for 2017-2019, IPN reports.

The proposed measures envision the improvement of the legal framework, identification and reduction of sector risks, enhancement of surveillance and reduction in the number of transactions with cash. The other measures refer to inter-institutional and international cooperation, equipment of the law enforcement agencies, prosecutors and judges for parallel financial investigations and recovery of criminal assets.

The measures will be implemented during three years and will be partially financed with funds attracted within foreign technical assistance projects and from the budgets of the involved institutions.