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Moldova AML Regime Rated ‘Inadequate;’ Malta Cited for Struggles in High-Risk Areas
By Brian Monroe
printMoldova has failed to establish the basic elements of an anti-money laundering regime and Malta has formed strong foundations for its program but now needs to focus on implementing them, according to a report released Friday by a global watchdog. Moldova, an Eastern European nation that gained independence from the former Soviet Union in 1991, had a "large number of shortcomings," according to a report issued by the Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures, or Moneyval, following its third-round evaluation of the country's program. The "overall requirements in place to prevent and combat...
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