The Governor of the National Bank of Moldova, Octavian Armașu, and the First Deputy Governor Vladimir Munteanu, participated today in the international conference held online “Combating money laundering and terrorist financing. Conformity".
The meeting organized by the European Business Association (EBA) highlights the concern of the authorities from different countries in order to strengthen the efforts and take over the best practices in combating this phenomenon.
In his welcome speech, Octavian Armașu, Governor of the National Bank of Moldova, stressed that the existence of a stable and secure financial system is an essential line of defense in preventing its use for the purposes of legalizing illicit capital. "In recent years, the financial system in the Republic of Moldova, especially the banking system, has undergone an important process of reform and development. The efforts of the National Bank of Moldova, supported by the International Monetary Fund, the World Bank, the EU and other development partners have had the effect of improving the corporate governance system, increasing shareholder transparency, intensifying supervisory activity, and last but not least contributing to improving in banks of the system for preventing and combating money laundering and the quality of precautionary measures applied ", said the head of the central bank.
During the panel discussions, renowned experts from Romania, Latvia, Hungary, the Czech Republic and other countries in the region presented internationally recognized expertise, and the exchange of ideas between participants offered the possibility of new approaches for further activities of the authorities. The topics referred in particular to ensuring the normative framework, investigative practices, lessons learned from internal and external experiences, etc.
Thus, the conference brought to the attention of the competent institutions the perspective of some answers for the effective realization of the measures taken in the field of preventing and combating money laundering.
In 2017, the Republic of Moldova approved the Law on Preventing and Combating Money Laundering and Terrorist Financing, which establishes prevention and control measures in this regard.
