Anti-Money Laundering Training in Moldova Creates Pool of Trainers for Lawyers

In a bid to combat financial crimes, a two-day training programme on anti-money laundering (AML) was recently held in Chisinau, Republic of Moldova. The event, organized by the CLEP Project in collaboration with the Lawyers Training Centre of the Moldovan Bar Association, aimed to equip lawyers with the necessary skills and knowledge to identify and report suspicious transactions.

Training Programme Highlights

• Covered various topics including money laundering concepts, vulnerabilities specific to the Republic of Moldova, case studies, and reporting obligations
• Council of Europe trainers led exercises on risk assessment, customer due diligence, and suspicious transaction reports
• Financial Intelligence Unit of Moldova introduced the country’s legislation and current practices

Creating a Pool of Trainers

The outcome of the training programme was the creation of a pool of 18 anti-money laundering trainers, comprising 10 men and 8 women. This pool of trainers will be responsible for carrying out AML capacity building for legal professionals in Chisinau and the regions.

Impact on Moldova’s Fight Against Financial Crimes

The pool of trainers is expected to play a crucial role in strengthening Moldova’s fight against money laundering and terrorist financing. The training programme was attended by lawyers from across the country, and its success is expected to have a significant impact on the country’s efforts to combat financial crimes.

Conclusion

The two-day AML training programme was a successful initiative that aims to equip lawyers with the necessary skills and knowledge to identify and report suspicious transactions. The creation of a pool of trainers will enable Moldova to strengthen its fight against money laundering and terrorist financing, ultimately contributing to the country’s efforts to combat financial crimes.