Financial Crime World

Financial Crime Data Analysis Tools Boosted in Moldova through EU-Council of Europe Joint Programme

Moldova’s Financial Intelligence Unit (FIU) has received training on strategic analysis to strengthen its anti-money laundering and counter-terrorist financing regime. A two-day workshop organized by the Council of Europe aimed at enhancing the FIU’s capabilities in identifying and mitigating risks associated with money laundering and terrorist financing.

Workshop Objectives

The workshop, held from June 6-7 in Chisinau, brought together experts from the Council of Europe who provided expert-led discussions and practical exercises on:

  • Specialized analytical tools
  • Data interpretation techniques
  • Development of high-quality strategic analysis products
  • Methods to enhance inter-agency cooperation and information sharing

Training Sessions

The workshop covered key topics such as:

The Intelligence Cycle

Participants learned about the intelligence cycle and risk-based approach in conducting strategic analysis, with a focus on Moldova’s specific context.

Risk-Based Approach

The training sessions included discussions on identifying ML/FT typologies for strategic analysis products.

Inter-Agency Cooperation

Experts taught methods to enhance inter-agency cooperation and information sharing among participating agencies.

Event Highlights

  • A simulation of a trade-based money laundering scheme highlighted the importance of identifying ML/FT typologies for strategic analysis products.
  • The event was opened by Mr. Adrian Munteanu, Deputy Director of FIU; Ms. Nadejda Plamadeala, Program Manager at the Council of Europe; and Mr. Zydrunas Bartkus, EU High-Level Adviser on AML.

Quotes

“We thank the Council of Europe for remaining committed to supporting Moldova’s efforts to strengthen its anti-money laundering and counter-terrorist financing regime,” noted Mr. Munteanu. “This workshop represents a meaningful step forward in equipping FIU personnel with the necessary skills and knowledge to combat economic crimes effectively.”

Program Background

The event is part of the European Union and Council of Europe joint programme “Partnership for Good Governance”, co-funded by the European Union and the Council of Europe, and implemented by the Council of Europe as part of its project on “Strengthening the Anti-Money Laundering and Asset Recovery Regime in the Republic of Moldova”.