The National Bank of Moldova published an excerpt from its 2023 sector-wide assessment of money laundering and terrorist financing (ML/TF) risks in the banking sector, concluding that banks’ governance frameworks and internal control systems have shown an adequate capacity to manage and mitigate ML/TF risks. The sectoral risk assessment is carried out under Article 15(4) of Law No. 308/2017 and is intended to identify and evaluate ML/TF risks across the banking sector, including by analysing higher-risk customer segments, products and services, distribution channels and geographical exposures. The assessment is used to support risk-based supervision by informing the appropriate mitigation approach and resource allocation, including the frequency and intensity of supervisory activities in proportion to the ML/TF risks identified, and to underpin the development of additional risk-based monitoring and supervisory mechanisms.
National Bank of Moldova 2025-11-12
National Bank of Moldova publishes 2023 banking sector ML/TF risk assessment and reports adequate bank governance and internal controls
The National Bank of Moldova released findings from its 2023 assessment of money laundering and terrorist financing risks in the banking sector, highlighting adequate governance and internal controls. Conducted under Article 15(4) of Law No. 308/2017, the assessment informs risk-based supervision and resource allocation by evaluating higher-risk customer segments, products, services, and geographical exposures.