News about Legislation

The head of the AIPA department has been detained in connection with a case involving influence peddling.

A U.S. intelligence officer stole cryptocurrency from wallets linked to investigations and then asked a neural network where to invest the money profitably and how to move to Europe.

Requirements for companies to prepare sustainability (ESG) reports are being introduced into legislation. In this context, it is proposed that a separate chapter be added to the Law on Accounting and Financial Reporting.

The Ministry of Finance has developed new reporting requirements for businesses. They will take effect upon Moldova’s accession to the European Union.

Products with elevated levels of volatile organic compounds (VOCs) may be permitted for use in the restoration of buildings and vehicles of historical and cultural significance, subject to specific regulated exemptions.

The U.S. State Department is exploring the possibility of requiring some immigration visa applicants to post a cash bond of up to $100,000, according to The Wall Street Journal. State Department spokesperson Tommy Pigott also confirmed that this option is indeed being considered.

Fines of up to 2 million lei may be imposed on companies and organizations that violate personal data processing regulations. The law, passed two years ago, will take effect on August 23 and will establish new requirements for the protection of personal information, as well as expand citizens’ rights to appeal the unlawful use of their data.

Products imported under the excise tax suspension procedure will be required to be backed by cash guarantees.

The Patriot Center for Strategic Communication and Countering Disinformation has 11 managers and only 2 subordinates. The average salary is 47,710 lei.

U.S. financial regulators have fined the Swiss bank UBS $125 million for violations of anti-money laundering (AML) regulations. According to the U.S. Department of the Treasury, this is the largest civil penalty ever imposed on a broker-dealer for violating the Bank Secrecy Act.

Moldova is expanding the list of products subject to excise taxes, including electricity.

The Confederation of National Trade Unions of Moldova (CNSM) reminds employers of their obligation to take additional measures to protect workers during hot weather. When the air temperature exceeds +30 °C, employers must, in particular, provide each employee with 2–4 liters of water free of charge during their shift and, in some cases, access to showers.

Full disclosure of costs, currency risks, liabilities, and the rights of mortgage borrowers—these are the requirements of the new mortgage bill. The document is currently undergoing discussion and review, after which it will be submitted to the government for approval in accordance with European standards for the protection of financial services consumers.

Last week, border guards uncovered twelve cases of forged travel documents.

President Maia Sandu once again addressed the mayors of municipalities that have not yet completed the voluntary merger process, urging them to continue negotiations and make a decision in the best interests of their communities’ development. She reiterated the call she made several days ago, noting that localities that refuse to participate in voluntary consolidation will subsequently be reorganized in accordance with the law and will not be eligible for financial incentives.

Moldova has established new procedures for admission to the profession of mediator based on a qualifying exam administered by the Mediator Licensing Commission, as well as procedures for appealing the Commission’s decisions.

When installing solar panels and heat pumps, no contributions to the Fixed Assets Fund (0.5% of the investment amount) will be required.

The authorities intend to revise the timing and procedures for organizing training for employers in the area of occupational health and safety so that the requirements take into account the size of the business and the level of occupational risks.

The Constitutional Court rejected a petition filed by the local council of the village of Shestach in the Sholdenești District, in which the local administration challenged the procedure for providing financial support to localities participating in the voluntary amalgamation process.

The Restart reform in the education system should be evaluated first and foremost in terms of its impact on children and respect for their rights, rather than solely through the lens of administrative efficiency. This view was expressed by Maia Bănărescu, former National Ombudsman for Children’s Rights.