Remote identification of customers in Moldova & other AML provisions, drafted with USAID support, adopted by the Moldovan Parliament in the final reading

Legislative amendments in the field of Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT), which will allow the onboarding of the customers of financial institutions to be carried out online, have been adopted by the Moldovan Parliament in the final reading.

The amendments were drafted based on the recommendations of the MONEYVAL Committee and the provisions of the EU AML 5 Directive, through the contribution of the USAID project "Financial Sector Transparency in Moldova" (FSTA) and enable the possibility of widely using remote customer identification by electronic means, such as qualified electronic signature and/or photo or video identification.

In this alert, you will read more about the background, legislative amendments, conclusions, and how Deloitte can help.