Moldova Country Summary
Medium Risk
View full Ratings TableSanctions
Medium Concern
FATF AML Deficient List
Lower Concern
Terrorism
Medium Concern
Corruption
Medium Concern
US State ML Assessment
Medium Concern
Criminal Markets (GI Index)
Medium Concern
EU Tax Blacklist
Lower Concern
Offshore Finance Center
Lower Concern
Please note that although the below Summary will give a general outline of the AML risks associated with the jurisdiction, if you are a Regulated entity then you may need to demonstrate that your Jurisdictional AML risk assessment has included a full assessment of the risk elements that have been identified as underpinning overall Country AML risk. To satisfy these requirements, we would recommend that you use our Subscription area.
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Anti Money Laundering
FATF Status
Moldova is not on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
The last follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Moldova was undertaken in 2024. According to that Evaluation, Moldova was deemed Compliant for 9 and Largely Compliant for 25 of the FATF 40 Recommendations. It remains rated Highly Effective for 0 and Substantially Effective for 3 with regard to the 11 areas of Effectiveness of its AML/CFT Regime.
Sanctions
Moldova is currently subject to international sanctions imposed by the European Union and Canada. The EU has implemented targeted restrictive measures related to the Transnistrian conflict, while Canada has imposed restrictions due to concerns about breaches of international peace and security involving Moldova.
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 43 |
| World Bank: Control of Corruption Percentile Rank | 47 |
Moldova continues to grapple with significant corruption and organized crime, despite recent government efforts to enhance anti-corruption measures and judicial reforms. The ruling Action and Solidarity Party has initiated various reforms aimed at increasing transparency and accountability, yet challenges persist, including political interference in the judicial system, a lack of resources for anti-corruption agencies, and ongoing issues with public trust in government institutions.
The country faces a range of criminal activities, including human trafficking, arms trafficking, and financial crimes, often perpetrated by powerful individuals and organized crime groups. While the government prioritizes anti-corruption and justice reforms, the effectiveness of these initiatives is hindered by systemic inefficiencies, and the resilience of civil society and international cooperation remains crucial in addressing these challenges.
Economy
Moldova's economy is gradually recovering from the significant setbacks caused by Russia's invasion of Ukraine, with a modest growth of 0.7% in 2023 following a contraction in 2022. The government is actively pursuing reforms to enhance the investment climate and attract foreign direct investment, which remains low despite some sectors like IT and agriculture showing promise. Moldova's commitment to European integration, marked by the recent approval to begin EU membership negotiations, reflects a broader strategy to align its economic policies with EU standards, although challenges such as corruption, bureaucratic inefficiencies, and reliance on remittances persist.
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