Roundtable on anti – money laundering and combating financing terrorism

        Today, at the National Bank of Moldova the roundtable works opened on: „Anti - Money Laundering and Combating Financing Terrorism supervision regime of banking sector”, organized by the International Monetary Fund in collaboration with the National Bank of Moldova during November 24-25 this year. Participants at the meeting are those mentioned above, as well as other financial authorities from Guernsey, Hungary, Romania and Italy.
At the opening event, Emma Tabîrţă, the Vice Governor of the National Bank of Moldova and Giuseppe Lombardo, the Consulting Counsel of the Legal Department and Financial Integrity Group addressed welcoming remarks to the assistance, and refered to the importance and objectives of the planned meeting. Especially, the officials underlined the impact of actions of money laundering and financing terrorism prevention and combating on the stability and security of the domestic banking system. It should also be mentioned that, the intensification of efforts related to the nonacceptance within the banking system of means resulted from illegal activities represents an imperious necessity for creating a legal framework in order to combat these noxious socio-economic phenomena.
       Further on, the speakers from different countries presented to the audience supervision practices of the announced field, providing details related to characteristics, challenges and conclusion. In this sens, the first speech was held by a representative of the National Bank of Moldova, Radu Musteaţă, Director of Banking Regulation and Supervision Department. The presenter covered, mainly, the classification of the money laundering and financing terrorism risks, the main NBM requirements on the basic elements of bank’s internal programmes with that end in view. In this context, he refered to the policy and procedures regarding the identification of the client, situations which imply the increased attention of banks versus the clients, etc.
       The participants’ speeches, conceived from the point of view of specific approaches in the represented countries, revealed also interest as a generalizing possibility of approach concerning the problems discussed within the framework of the roundtables, manifesting utility for other countries too.
        Along with the same line, during the next days, within the framework of the meeting, a range of specific subjects will be under discussions in order to prevent money laundering and financing terrorism within the banking system, as well as, to finalize certain experiences and specific solutions in such cases.

Monday, November 24

09:30 – 09:40 Welcoming Remarks – Objectives of the Roundtable

Ms. Emma Tabirta- Deputy Governor, National Bank of Moldova

Giuseppe Lombardo, Consulting Counsel, Legal Department, Financial Integrity Group, IMF

09:40 – 10:15 The AML/CFT supervision regime of the banking sector in Moldova (main characteristics, issues encountered, lessons learned)

Presenter: Mr. Radu Musteata, Director, Banking Regulation and Supervision Department, National Bank of Moldova

10:15 – 10:30 Questions

10:30 – 11:30 The AML/CFT supervision regime of the banking sector in Hungary (main characteristics, issues encountered, lessons learned)

Presenter: Arpad Kiraly, Head of Department, Hungarian Financial Supervisory Authority, Department of EU and International Affairs

11:30 – 11:45 Questions

12:00 – 13:00 The AML/CFT supervision regime of the banking sector in Italy (main characteristics, issues encountered, lessons learned)

Presenter: Simona Cancian, Inspector, Supervision Inspectorate, Bank of Italy, Banking and Financial Supervision Department

13:00 – 13:15 Questions

14:30 – 15:30 The AML/CFT supervision regime of the banking sector in Romania (main characteristics, issues encountered, lessons learned)

Presenter: Elena Georgescu, Head of Division, National Bank of Romania, Supervision Department

15:30 – 15:45 Questions

16:00 – 16:30 The AML/CFT supervision regime of the banking sector in Guernsey (main characteristics, issues encountered, lessons learned)

Presenter: Richard Walker, Director of Policy and International Affairs, Guernsey Financial Services Commission

16:30 – 16:45 Questions

16:45 Close

Tuesday, November 25

(experts: Mrs. Georgescu and Mrs. Cancian, NBM experts)

10:00 – 11:15 Discussion on themes and topics proposed by NBM

11:30 – 12:30 Discussion on themes and topics proposed by NBM

14:00 – 15:30 Discussion on themes and topics proposed by NBM

Wednesday, November 26

(experts: Mrs. Georgescu and Mrs. Cancian, NBM experts)

09:30 – 11:00 Discussion on themes and topics proposed by NBM

Experts to provide comments on NBM AML/CFT regulations and inspection procedures)