Regulatory Alerts2024-11-07
Regulation No 280 of 7 November 2024 on the Requirements for Preventing Money Laundering and Terrorism Financing in Non-Bank Financial Institutions
The National Bank of Moldova issued Decision No 280 on 7 November 2024 to approve a comprehensive regulation establishing anti-money laundering and counter-terrorist financing requirements for non-bank financial institutions. The framework mandates these entities to conduct ongoing risk assessments, implement strict customer due diligence protocols, and submit timely suspicious transaction reports to regulatory authorities. By standardizing compliance obligations across the sector, the regulation strengthens domestic financial integrity and aligns non-bank operators with Moldova's broader AML/CFT regulatory standards.
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