Risk Assessment
National risk assessment in the field of money laundering and terrorist financing
The national risk assessment process was carried out for the period 2020-2024 and aims to identify threats and vulnerabilities in the national system for preventing and combating money laundering and terrorist financing. The results of the assessment process contribute to the efficient management and allocation of resources by the responsible authorities and reporting entities, as well as to determine the level of control measures applied to a particular product or sector.
2025
2024
Sectoral assessments of money laundering and terrorist financing risks
The sectoral assessment processes were carried out in order to implement the provisions of Law no. 308/2017 on the prevention and combating of money laundering and terrorist financing, as well as to comply with the international standards established by FATF. In 2024, risk assessments were carried out in three distinct areas, as follows:
1. assessing the money laundering and terrorist financing risks associated with virtual assets and virtual asset service providers;
2. assessing the risks of using legal entities, trusts or other similar legal structures for the purpose of money laundering and terrorist financing;
3. assessing the risks of using non-commercial organizations for the purpose of financing terrorism.
Based on the results of these assessments, the main vulnerabilities and threats specific to each area were identified, and recommendations and measures were formulated to strengthen the framework for preventing and combating money laundering and terrorist financing.
National risk assessment in the field of money laundering and terrorist financing
The need for a national risk assessment in the field of money laundering and terrorist financing, for the period 2017-2020, represents a priority action of the Action Plan of the National Strategy in the field of preventing and combating money laundering and terrorist financing and stems from FATF Recommendation 1. Thus, the basic objective of the national risk assessment process is to identify, analyze and perceive the money laundering and terrorist financing risks faced by the Republic of Moldova.
2022
2017
National risk assessment in the field of money laundering and terrorist financing
The first national assessment of risks in the field of money laundering and terrorist financing was possible only as a result of the consolidation of the efforts of the national authorities and the assistance of the World Bank, which developed the assessment methodology in the field. Thus, upon the request for technical assistance, addressed to the World Bank, in November 2013, and the confirmation of its financing, by Government Decision no. 697 of 09.10.2015, the national assessment process in the field of money laundering and terrorist financing was initiated.