Financial Crime World

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Financial Crime Prevention Strategies Take Center Stage at High-Level Training in Moldova

Chisinau, Moldova - More than 200 financial sector professionals gathered yesterday for a high-level training on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) in Chisinau. This event marked the culmination of a series of trainings aimed at strengthening the capacities of professionals to prevent and combat financial crime.

Event Overview

The training was organized by the National Commission for Financial Markets (NCFM) and USAID Moldova’s Financial Sector Transparency Activity (FSTA), with the support of international experts. The event brought together representatives from various sectors, including:

  • Insurance/reinsurance
  • Non-banking credit market
  • Regulatory bodies, such as:
    • National Commission for Financial Markets (NCFM)
    • Financial Intelligence Unit (FIU)
    • National Bank of Moldova

Keynote Addresses

The event featured keynote addresses from prominent figures in the field:

Cornelia Cozlovschi, Chairwoman of NCFM

“Combating money laundering is essential to fight corruption and legalization of illegal income. The money laundering and terrorist financing risk are a key concern for the financial system and citizens’ security.”

Matthew Macellaro, Director of USAID FSTA Project

“We prioritize strengthening AML/CFT compliance capabilities through initiatives such as IT solutions implementation, staff training, and legal framework adjustment.”

Training Agenda

The training agenda included panel discussions and presentations on current topics:

  • Transaction monitoring and red flags
  • e-KYC procedures
  • Challenges faced by industry representatives in implementing AML/CFT requirements

Andrian Munteanu, Deputy Director of FIU

“We will focus more on the dialogue with reporting entities by organizing trainings adapted to their professional activities. National and international cooperation is essential for developing an effective AML/CFT system.”

Conclusion

The event concluded with an award ceremony, during which participants received certificates for completing the training series. This successful completion marks a significant step forward in strengthening the capacities of professionals working in the field of AML/CFT and preventing financial crime in Moldova.