Financial Crime Prevention Strategies in Moldova Under Scrutiny

Prime Minister Calls for Improved Measures

Moldovan Prime Minister Pavel Filip recently led a high-level meeting of the national council for coordinating activities of preventing and fighting organized crime, emphasizing the need for effective strategies to combat financial crimes in the country.

Key Discussion Points

• The current state of financial crime prevention efforts in Moldova
• The effectiveness of recent measures, including the establishment of two specialized prosecutor offices
• Growing threats from cybercrime and the importance of a comprehensive cybersecurity strategy

Recent Developments and Challenges

• Cybersecurity Concerns: Cybersecurity experts warned that the increasing sophistication of online attacks poses a significant risk to Moldova’s financial systems and infrastructure.
• Economic Offenses: The rapidly evolving nature of organized crime has led to an increase in economic offenses, resulting in significant losses for both the budget and citizens.

Proposed Solutions

• National Council for Coordinating Activities: A new structure aimed at enhancing coordination between various government agencies
• Comprehensive Cybersecurity Strategy: To be implemented in the coming months
• Extension of National Strategy: The implementation period has been extended by three years until 2019 to tackle financial crime more comprehensively

Conclusion

The meeting concluded that any strategy not fully implemented should be revised and extended with an action plan designed to achieve its set goals. Prime Minister Filip emphasized the need for a more comprehensive approach to tackle financial crime in Moldova.