The Republic of Moldova has officially launched the preparatory phase for updating its National Risk Assessment (NRA) on money laundering (ML) and terrorist financing (TF), reaffirming its commitment to aligning with international standards set by the Financial Action Task Force (FATF).
The assessment will be carried out with the support of the Project “Action against Money Laundering and Terrorism Financing in the Republic of Moldova”, implemented in close cooperation with Moldova’s Office for Prevention and Combating of Money Laundering (the Financial Intelligence Unit). The project will provide both expert guidance and technical assistance, using the Council of Europe’s ML/TF National Risk Assessment Methodology.
The assessment process was formally initiated through a multi-day workshop bringing together members of the NRA Working Group, composed of representatives from a broad range of public institutions and the private sector. The workshop focused on preparing participants for the 2025 assessment through targeted training on the risk assessment methodology, including practical approaches to identifying, evaluating, and mitigating ML/TF risks.
Participants were trained on effective strategies for robust data collection and verification, managing data gaps, and addressing challenges commonly encountered in the NRA process. International experts also provided guidance on identifying vulnerabilities in existing AML/CFT frameworks and offered recommendations for strengthening the measures used to detect, prevent, and disrupt financial crime.
The workshop represents a key milestone in Moldova’s efforts to enhance its AML/CFT regime, contributing to the country’s ongoing progress in meeting FATF Recommendations and strengthening national mechanisms to combat financial crime.
This support is provided within the framework of the project “Action against Money Laundering and Terrorism Financing in the Republic of Moldova”, funded by the Bureau of International Narcotics and Law Enforcement Affairs (INL) of the US Department of State and implemented by the Council of Europe.