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Politics
09 July, 2026 / 23:33
/ 4 hours ago

Parliament adopts National Program for Preventing and Combating Money Laundering for 2026–2030

Parliament today adopted the National Program for Preventing and Combating Money Laundering, Terrorist Financing and Proliferation of Weapons of Mass Destruction for 2026–2030, as well as the action plan for its implementation. The draft decision was supported by 64 MPs.

The Program, developed by the Service for the Prevention and Combating of Money Laundering, aims to strengthen the application of legislation in the field and align the national framework with European Union standards, in the context of the Republic of Moldova’s EU accession process.

The document is structured around three main objectives: strengthening public policies and cooperation at the national and international levels; preventing the introduction into the financial system and other sectors of the economy of funds derived from offences or intended for terrorist financing; and detecting, investigating and sanctioning acts of money laundering, terrorist financing and the proliferation of weapons of mass destruction.

The Program identifies the main vulnerabilities faced by the Republic of Moldova in this area, including the widespread use of cash in the economy, the growing number of non-resident clients and cross-border transactions, insufficient supervision of reporting entities, uneven reporting of suspicious transactions, the low number of convictions for money laundering and the limited recovery of assets derived from offences.

To reduce these risks, the document provides for strengthening institutional capacities to identify and assess threats, improving cooperation between authorities, increasing transparency regarding the beneficial owners of legal entities and enhancing the supervision of reporting entities based on identified risks.

The Program also sets out measures for the more effective application of financial sanctions aimed at combating terrorist financing and the proliferation of weapons of mass destruction, including through the prompt freezing of funds belonging to targeted persons and entities, in accordance with UN Security Council resolutions.

The Service for Preventing and Combating Money Laundering will present annual reports to the Government and Parliament on the implementation of the National Program.