Regulatory Alerts2019-06-14
Added · Updated
Regulation on Export and Import of Cash and Traveller’s Cheques by Banks
The Executive Board of the National Bank of Moldova issued Decision No. 165 to approve a new regulation governing the export and import of cash and traveller’s cheques by licensed and non-resident banks. This regulation establishes specific conditions, documentation requirements, and authorization procedures for these cross-border transactions, replacing previous 1998 instructions. It mandates that banks maintain contractual agreements with non-resident partners, secure necessary National Bank of Moldova authorizations for national currency movements, and adhere to strict anti-money laundering criteria for specialized legal entities.
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