Regulatory Alerts2015-08-20
Regulation on Residents' Accounts Abroad approved by Decision No 216 of the National Bank of Moldova
The Council of Administration of the National Bank of Moldova issued Decision No 216 to approve the Regulation governing the authorization, management, and reporting of foreign bank accounts held by residents. The document establishes that residents must obtain prior authorization from the National Bank of Moldova to open accounts abroad, detailing the specific application procedures, required documentation, and grounds for refusal. It further mandates that authorized account holders submit regular reports on their foreign accounts and comply with foreign exchange regulations and anti-money laundering requirements.
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