Moldova nears completion of de-oligarchization plan
Moldova has achieved significant progress in implementing its de-oligarchization plan, reports Adrian Băluțel, Head of the Presidential Office. Most actions have been completed, with two remaining partially implemented.
These two actions focus on reducing cash payments through harmonised legislation and identifying beneficial owners. The deadline for completion is set for the end of December.
"We have two conditions in the plan that are partially implemented," Băluțel explained. "The first concerns cash reduction legislation, encouraging wider adoption of transparent bank transfers over large cash transactions. This needs to be finalised by December. The second, identifying beneficial owners, has also seen progress. These were highlighted by the EU in October as areas requiring further attention. The third element, achieved today, involved gaining EU Commission approval for the revised plan incorporating the Venice Commission's recommendations."
The de-oligarchization plan facilitates information exchange between state institutions regarding potentially suspicious transactions, aiming to curb money laundering. Băluțel emphasised that these measures do not target specific individuals or groups, but instead establish mechanisms for state institutions to effectively respond to such risks.
The document approved by the National Commission for European Integration forms part of the action plan designed to address the nine recommendations presented by the European Commission for granting Moldova candidate status.
Translation by Iurie Tataru
