Regulatory Alerts2009-03-05
Added · Updated
Regulation on the authorization of certain foreign exchange operations by the National Bank of Moldova
Resident individuals, resident individuals practicing a certain type of activity, and resident legal entities must obtain prior authorization from the National Bank of Moldova to perform specific foreign exchange operations, including donations, loans, guarantees, and transfers exceeding EUR 10,000. The regulation establishes the application procedures, required documentation, and a 15-working-day decision timeline for the National Bank of Moldova to approve or refuse these requests. It also defines the obligations for reporting authorized operations and specifies that authorization does not exempt payment service providers from anti-money laundering compliance measures.
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