RESOLUTION OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of January 24, 2024 No. 20

About introduction of amendments to some acts of National Bank of Moldova

Based on the item d) and m) parts (1) Art. 5, parts (1) Art. 11, item c) parts (1) Art. 27, item and) Art. 44 and item b) Art. 51 of the Law on National Bank of Moldova No. 548/1995 (repeated publication: The official monitor of the Republic of Moldova, 2015, No. 297-300, the Art. 544), the item and) parts (1) and the item) parts (2) Art. 15 of the Law on the prevention and anti-money laundering and terrorism No. 308/2017 financing (The official monitor of the Republic of Moldova, 2018, No. 58-66, the Art. 133), with subsequent changes, the Executive committee of National Bank of Moldova DECIDES:

1. In the Regulations about requirements in the field of the prevention and anti-money laundering and financing of terrorism in activities of banks approved by the Resolution of Executive committee of National Bank of Moldova No. 200/2018 (The official monitor of the Republic of Moldova, 2018, No. 321-332, the Art. 1311), with subsequent changes, registered in the Ministry of Justice of the Republic of Moldova at No. 1354 of 21:08. 2018) to make the following changes:

The concept "electronic means" to exclude 1) In the item 3.

To add 2) In the item 9 after the words "policies" with the text ", methods, practicians,".

The word "FATF" to replace 3) In Item 10 with the word "GAFI".

4) In item 12:

a) subitem 1):

the item e) to add with the text ", including management officials";

add with the Item g 1) of the following content:

"g 1) determination of the mechanism of protection of persons, compliance officers, and the employees reporting about violations of the law about the prevention and anti-money laundering and terrorism financing;".

b) add with the subitem 81) of the following content: "81) procedures and requirements concerning application of the increased precautionary measures when carrying out transactions of resident clients with the service providers of virtual assets authorized in other states;"

c) 10) to add subitem with the text "on money laundering or financing of terrorism, or non-compliance with the relevant current legislation or internal procedures;".

To state 5) to Item 14 in the following edition:

"14. The bank shall take measures for identification and risks assessment of money laundering and financing of terrorism, considering the threats and vulnerability revealed as a result of national assessment and also, depending on circumstances, the criteria and additional risk factors determined by National Bank of Moldova and Service by the prevention and anti-money laundering. Results of assessment are fixed in the valuation report which affirms the management official designated by the compliance officer the politician and procedures of bank to legal requirements according to the prevention and anti-money laundering and terrorism financing and is submitted to Council of the bank."

To state 6) to Item 18 in the following edition:

"18. By results of risks assessment of money laundering and financing of terrorism the bank provides realization risk - the oriented approach by establishment and implementation of procedures of identification, assessment, monitoring, management and minimization of the revealed risks, including by allocation of resources of the appropriate technological, material and human resources."

Item 20 to declare 7) invalid.

8) Chapter V, the Section 2, in the name of the word of "identification of the client and the vygodopriobretayushchy owner" shall be replaced with words "precautions concerning clients".

9) P.22 after the word are "begun" to be added with the text "the responsible person with functions of upper managers or".

10) In item 25:

a) in parenthetic clause after the word "applies" to add with the text ", depending on risk,", and the text

"identifications of clients, and also vygodopriobretayushchy owners" shall be replaced with words "precautions concerning clients";

b) in subitem 1) to exclude the word "to";

c) in subitem 2) "300000" to replace the text with the text "200000";

d) in subitem 5) "200000" to replace the text with the text "10000";

e) 6) to declare subitem invalid.

To Add 11) with Item 25-1 of the following content:

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info