Regulatory Alerts2018-02-13
Added · Updated
Regulation on Conditions and Procedures for Performing Foreign Exchange Operations (NBM Decision No. 29/2018)
Issued by the Executive Board of the National Bank of Moldova, this regulation establishes comprehensive rules and procedures for residents and non-residents to conduct foreign exchange operations through licensed banks and non-bank payment service providers. It defines key legal terminology, mandates specific justifying documents and National Bank authorizations for cross-border transfers, and sets quantitative limits for individual transactions. The framework further details operational requirements for family expense transfers, emigration fund repatriation, and temporary stay abroad, while aligning with anti-money laundering and terrorism financing legislation.
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