This is provided for in a bill drafted by the Service for the Prevention and Combating of Money Laundering.
The bill calls for additional checks on transactions involving cryptoassets, transactions involving politically exposed persons, and relationships with high-risk countries.
It also introduces stricter requirements for verifying customers, beneficial owners, and executives, taking into account the level of risk. The State Services Agency and the State Tax Service will maintain registries containing information on the beneficial owners of legal entities, trusts, and certain foreign entities.
Banks, financial institutions, and crypto service providers will be prohibited from opening anonymous accounts and using tools that allow the owner or transactions to be concealed.
Branches and subsidiaries of Moldovan organizations in countries with less stringent requirements will also be required to comply with Moldovan anti-money laundering standards.
In addition, the authorities intend to strengthen risk assessment and data collection to evaluate the effectiveness of the national system for combating money laundering and terrorist financing.
The bill is scheduled to be reviewed at a Cabinet meeting, after which it will be submitted to Parliament.
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