A group of MPs from the Party of Action and Solidarity (PAS) will propose a package of legislative amendments to prevent and combat banking frauds and money laundering, and to accelerate the recovery of stolen money from the financial, banking and insurance systems in the Republic of Moldova, events widely known as “the theft of a billion”, “Russian Laundromat” and “raider attacks”. All the amendments to the Moldovan legislation proposed by the PAS MPs are part of the recommendations included in the Independent Anti-Corruption Advisory Committee’s (CCIA) report.
The PAS MPs put forward this proposal after examining the CCIA’s report – “THE OFFSHORE REPUBLIC”: Review of factors leading to systemic fraud and money laundering in Moldova’s banking, financial and insurance sectors. Read the full report in English here and in Romanian here. They also mentioned that representatives of the National Bank of Moldova, the National Commission for Financial Markets and other professionals will be invited to contribute to the legislative proposals.
The CCIA Members welcome the initiative of implementing the recommendations in the near future. CCIA will monitor the implementation of said recommendations, will evaluate the quality of the legislative amendments and will publish monitoring reports every six months or on an ad-hoc basis, as necessary.