Regulatory Alerts2023-10-05
Regulation on carrying out controls and application of sanctions to foreign exchange entities
The National Bank of Moldova issued this Regulation to establish the rules for controlling foreign exchange entities and applying sanctions for violations of foreign exchange and anti-money laundering laws. It defines the types, frequency, and procedures for on-site and off-site inspections, including the rights of inspectors and the documentation required for inspection results. The document further details the enforcement of sanctions, such as warnings, fines, suspension of activities, and license withdrawal, while specifying the criteria for individualizing penalties and the procedures for their implementation.
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