Enhancing the system of prevention and combating money laundering and terrorism financing in the Republic of Moldova

What is the project about?

This project is directly in line with the priorities set in the strategic (planning) documents of the Republic of Moldova. The priorities for the Republic of Moldova in the field of AML/CFT identified in the EU-MD Association Agreement will be comprehensively covered by the project activities. The results of this Twinning project will contribute to strengthening the role and capacities of the Office for Prevention and Fight against Money Laundering (OPFML) and functioning of AML/CFT network and lead to effective and efficient protection of the financial system in Moldova fully contributing to the EU-MD Association Agreement.

What is the role of the IPoS?

The HfÖV/IpoS strongly support the two principle institutions – Lithuanian FIU and Polish FIU – to implement the project activities in the most comprehensive and effective way. The planned contribution will also be provided by Prosecutor General’s Office of the Republic of Lithuania, Supreme Court of Lithuania, State Tax Inspectorate of the Republic of Lithuania to meet all the specific needs per each component and the

HfÖV/IPoS will contribute to the project a very high professional orientation, close contacts to authorities, companies, associations and chambers, small study groups and a personal learning atmosphere. It serves as Police Academy in conjunction with Risk- and Security Management studies and Tax/Law Compliance programmes. The main focuses of the HfÖV are these study programmes for the education of the law enforcement officers, justice officials, and taxation experts. The programmes combine all the required theoretical components with practical training in one inseparable unity. The IPoS is renowned for its applied research in the field of corruption, money laundering and terrorism financing, radicalisation, and compliance. The IPoS will contribute the experiences from various projects under HORIZON 2020, JUSTICE, Internal Security Fund and works closely with the Federal Police of Germany at structural and operative level.

OBJECTIVES

OVERAL OBJECTIVE: Provide support to the strengthening of the system for antimoney laundering in the Republic of Moldova.

SPECIFIC OBJECTIVES:
- to strengthen the OPFML´s mandate and operational capacities for prevention and fight against money laundering and terrorism financing;

- to strengthen the operational capacities of the national mechanism for fight against money laundering and terrorism financing including supervision, investigation and judgement;

- to improve the cooperation between OPFML and national and foreign partners including supervisory authorities and other law enforcement agencies in the field of combating money laundering and terrorism
financing;

- to improve the national legislation in this field in accordance with the EU standards and best practices.

The implementation of the activities will be guided by four essential principles:

- bringing high quality assistance through qualified and acknowledged experts;

- ensuring an extensive transfer of knowledge and expertise within the framework of support assistance, comparative analyses, discussions, interviews, training and study visits;

- developing mutually beneficial and efficient partnership between the experts from both countries;

- establishing conditions for the sustainability of the implemented activities by providing guidelines, recommendations, training materials, training modules (programmes), concepts, models.

EXPECTED RESULTS

Result 1: Enhancing the implementation effectiveness of the national AML/CFT policy

Result 2: Development of OPFML analytical and operational capacities

Result 3: Development of a special data bases necessary for the enforcement aspects of the AML/CFT Law

Result 4: Development of the AML/CFT national supervision mechanism for banking,
non-banking and designated non-financial businesses and professions sectors

Result 5: Development of the investigation capacities of law enforcement agencies regarding ML/FT cases

Result 6: Improvement of the AML/CFT field in the justice system

Result 7: Improvement of the system for prevention of terrorism financing, including control of physical cross-border transportation of currency and bearer negotiable instruments

THE PARTNERS

Financial Crime Investigation Service (Republic of Lithuania)
Public Prosecutor's Office of the Republic of Lithuania
The Supreme Court of Lithuania (the Court)
Ministry of Finance of the Republic of Poland (MoF)
The University for Public Administration in Bremen (HfÖV)
Central Project Management Agency (CPMA) (mandated body)

Publication notice reference: EuropeAid/159754/DD/ACT/MDMD 16 ENI JH 01 18 (MD/33)

Duration: 27.09.2018 - 12.06.2022

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