Moldova Takes a Stand Against Organized Crime and Corruption with Anti-Money Laundering Software
Chisinau, Republic of Moldova - The Government of Moldova has taken a significant step in its fight against organized crime and corruption by enhancing its anti-money laundering (AML) software. This initiative aims to dismantle the economic backbone of criminal networks and bring the country’s AML regime in line with European standards.
Enhancing Anti-Money Laundering Measures
A recent meeting brought together government representatives, national and international legal experts, members of civil society, and development partners to discuss mechanisms for social re-use of confiscated assets. The event focused on optimizing processes for identifying, tracing, confiscating, and managing illegally acquired assets, demonstrating the authorities’ commitment to tackling corruption.
Project Details
The project “Enhancing the anti-money laundering and asset recovery regime in the Republic of Moldova” is part of the European Union and Council of Europe’s joint program, “Partnership for Good Governance”. The initiative aims to provide support to competent authorities in Moldova to enhance measures against money laundering and terrorist financing.
- Total budget: EUR 510,000
- Co-funding: 80% from the European Union and 20% from the Council of Europe
Key Stakeholders Involved
The project involves key stakeholders including:
- General Prosecutor’s Office
- Ministry of Internal Affairs
- Ministry of Finance
- Office for Prevention and Combatting Money Laundering
- National Anticorruption Centre (Asset Recovery Office)
- National Bank of Moldova
- Public Services Agency
- National Commission for the Financial Market
- Designated Non-Financial Businesses and Professions (DNFBPs)
- Financial institutions
- Civil society
- The general public
Alignment with National Strategies and International Commitments
The project is expected to ensure complementarity with existing national strategies and action plans for preventing and combating money laundering and terrorist financing. It will also align with the Council of Europe Action Plan for Moldova 2021-2024, supporting the country’s efforts in anti-corruption and anti-money laundering.
The “Partnership for Good Governance”
The “Partnership for Good Governance” is a joint initiative of the European Union and the Council of Europe to strengthen good governance in the Eastern Partnership region. The program 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.