Moldova Falls Short on Compliance with Financial Crimes Laws, MONEYVAL Says

Progress Made, But Significant Shortcomings Remain

The Republic of Moldova has made progress in strengthening its legal and institutional framework to combat money laundering and terrorism financing, but still faces significant shortcomings, according to a follow-up report released by MONEYVAL.

Compliance Remains Incomplete

Despite the improvements, Moldova’s compliance with Financial Action Task Force (FATF) recommendations remains incomplete. Only nine out of 40 recommendations have been fully implemented, while the majority of the remaining recommendations are rated as “Largely Compliant” or “Partially Compliant”.

Limited Progress on Virtual Assets and Providers

MONEYVAL’s report highlights that Moldova has made limited progress on virtual assets and virtual asset service providers. While the country has addressed some technical compliance deficiencies related to targeted financial sanctions against terrorism and proliferation of weapons of mass destruction, more work is needed in this area.

Authorities Urged to Address Shortcomings by June 2025

The authorities have been urged to address the remaining shortcomings by June 2025. MONEYVAL expressed disappointment at the lack of significant improvement since the adoption of its mutual evaluation report in July 2019.

Enhanced Follow-up and Regular Reports Required

The Republic of Moldova remains in enhanced follow-up, with MONEYVAL requiring regular reports on progress made towards implementing the necessary improvements. The country is one of 33 states and territories evaluated by MONEYVAL for compliance with international standards against money laundering, terrorism financing, and proliferation financing.

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