IMF Launches Anti-Money Laundering Training Project in Moldova

The International Monetary Fund (IMF) has launched a new anti-money laundering (AML) training project in Moldova to support the country’s newly established AML/CFT regime. The project aims to strengthen the legislative and regulatory framework, as well as enhance the capacities of key institutions involved in AML/CFT.

Objectives

The IMF will work closely with Moldovan authorities to achieve several key objectives:

• Review and draft bylaws needed for the implementation of the new AML law
• Ensure adequate training across the financial sector on the new requirements set forth by the AML law
• Enhance the supervisory institutional framework, particularly at:
  • National Bank of Moldova (NBM)
  • National Agency for Public Property Management (NAFM)
  • Financial Intelligence Unit within the Center for Combating Economic Crimes and Corruption Control (CCECC)

Methodology

To achieve these objectives, the IMF will employ:

• Training workshops
• Short-term experts who will work under its supervision

Expected Results

The project is expected to yield several key results, including:

• Reviewed and redrafted AML/CFT-related secondary legislation and bylaws
• Updated internal procedures and manuals at NBM and NAFM
• Trained staff at NBM, NAFM, and CCECC in supervision and compliance with AML/CFT requirements
• Financial sector trained on new AML law requirements

Separation from Other Project

The IMF project is separate from another project funded by the Council of Europe aimed at enhancing Moldova’s anti-corruption system. While this project also includes an AML component, it focuses mainly on the FIU and law enforcement authorities, minimizing any potential overlap with the Fund’s proposed project.

Note: The IMF’s AML/CFT training project is a standalone initiative that complements other efforts to strengthen Moldova’s financial sector and combat money laundering.