Financial Crime World

Moldova’s Compliance with Anti-Money Laundering and Combating Financing of Terrorism Measures Under Scrutiny

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The technical compliance of the Republic of Moldova with international anti-money laundering (AML) and combating financing of terrorism (CFT) standards has been re-evaluated in a recent assessment. Since its Mutual Evaluation and 1st Follow-Up report were adopted, Moldova has made significant progress, which has led to an upgrade in several key areas.

Progress Made

Moldova’s compliance with the Financial Action Task Force (FATF) Recommendations has seen improvements in the following areas:

  • Recommendation 6: Combating Terrorist Financing - Upgraded from Partially Compliant to Largely Compliant
  • Recommendation 7: International Cooperation - Upgraded from Partially Compliant to Largely Compliant
  • Recommendation 15: Preventing the Use of Proceeds from Criminal Activities for Money Laundering Purposes - Moved from Non-Compliant to Partially Compliant

Current Status

A total of 34 FATF Recommendations are now classified as:

  • Largely Compliant (LC): 24 recommendations
  • Compliant (C): 10 recommendations

Six recommendations remain rated as:

  • Partially Compliant (PC):
    • Recommendation 8
    • Recommendation 15
    • Recommendation 22
    • Recommendation 24
    • Recommendation 25
    • Recommendation 38

Next Steps

As part of its ongoing enhanced follow-up process, Moldova will continue to report back to MONEYVAL on its progress in strengthening AML/CFT measures. The country is expected to provide an update within the next year.