MONEYVAL DID NOT ANALYSE LAWS ADOPTED BY MOLDOVAN PARLIAMENT

A special Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) refuted the Moldovan authorities’ statements that the committee experts would have allegedly analyzed the recently adopted tax reform laws.

The message says that some media reports in Moldova seem to wrongly suggest that the Law on Voluntary Declaration and Fiscal Stimulation, which was passed by the Moldovan Parliament on July 26, 2018, had been analyzed positively by an expert from the Committee.

“MONEYVAL clarifies that it was not consulted on this law at any stage in the legislative process, nor was any international expert on behalf of MONEYVAL.
In line with its rules of procedures, MONEYVAL is responsible for analyzing all voluntary tax compliance programs adopted by its members with regard to their compliance with the applicable international anti-money laundering and counter-terrorist financing standards”, the CoE message says.

The MONEYVAL Committee was founded in 1997 and is the main monitoring mechanism in this field for all the European Union countries. It is a subcommittee of the European Committee on Crime Problems (CDPC).

Infotag’s dossier: In the context of the current Program of the Government and the National Bank of Moldova with the IMF, the authorities undertook to ensure progress in what concerns extermination of the money laundering. The visit of the MONEYVAL review mission to Moldova, planned for autumn, will become an important challenge for Moldovan authorities to fulfill the undertaken liabilities.