EU and Council of Europe Launch Joint Project to Combat Organised Crime and Corruption in Moldova
Enhancing Anti-Money Laundering Regime in Republic of Moldova
The European Union (EU) and the Council of Europe have launched a joint project aimed at strengthening the anti-money laundering regime in the Republic of Moldova. This initiative is part of the EU’s “Partnership for Good Governance” programme, which seeks to provide support to competent authorities in combating money laundering and terrorist financing.
Key Objectives
- Enhance effectiveness of measures against money laundering and terrorist financing
- Improve capacities of relevant institutions to recover illicit assets
- Optimize processes of identifying, tracing, confiscating, and managing illegally acquired assets
Project Background
The project is built on the results of recent technical assistance provided by the Council of Europe. This support aimed at strengthening the country’s policy and legal frameworks, practices, and operational tools to counter corruption and money laundering.
Key Partners
- Government representatives
- National and international legal experts
- Members of civil society
- Development partners
Project Funding and Duration
The project is funded by the European Union and the Council of Europe, with a total budget of EUR 510,000. The initiative aligns with the Council of Europe Action Plan for the Republic of Moldova 2021-2024, which aims to support the country’s efforts in anti-corruption and anti-money laundering.
Expected Outcomes
- Robust measures against money laundering and terrorist financing will be applied by Moldovan authorities, financial and non-financial institutions
- Competent authorities will enhance practices for effective tracing, recovery, and disposal of criminal assets
- The project is expected to have a significant impact on the country’s efforts to combat organised crime and corruption
Programme Overview
The “Partnership for Good Governance” (PGG) is a joint initiative of the European Union and the Council of Europe aimed at strengthening good governance in the Eastern Partnership region. The programme provides tailor-made support to Eastern Partnership countries to bring their legislation and practice closer to European standards in human rights, rule of law, and democracy.