Moneyval defines Moldova as lacking effectiveness

Moveyval called Moldavians attention by noting that regardless the technical compliance of the country, further and important efforts were required in terms of effectiveness of the regime.

Among other shortcomings the notes referred to confiscations, financial sanctions and targeted sanctions for lack of compliance.

The statement noted the existence of appropriate regulation while questioning its effectiveness of the defined rules.

Given the importance of the result, the country has been placed under enhanced follow up with next report as close as 2021.



Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.

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