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Schedule of reception of citizens by the Executive Board of the National Bank of Moldova.
The registration of applicants for an audience is carried out based on a written request on the subject addressed.
Anca Dragu, Governor
1st Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 606.
Vladimir Munteanu, First Deputy Governor
2nd Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 606.
Tatiana Ivanicichina, Deputy Governor
3rd Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 607.
Constantin Șchendra, Deputy Governor
4th Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 607.
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National Bank and the members of its decision-making bodies shall be independent in exercising the tasks conferred upon them by law, and shall neither seek nor take instructions from public authorities or from any other authority.
In order to ensure and maintain price stability over the medium term, the National Bank’s aim will be to keep inflation (measured by Consumer Price Index) at the level of 5.0 percent annually with a possible deviation of ± 1.5 percentage points, considered to be optimal for growth and development of Moldova's economy over the medium-term.
National Bank shall have the exclusive right to issue on the territory of the Republic of Moldova banknotes and coins as legal tender, as well as commemorative and jubilee banknotes and coins as legal tender and for numismatic purposes.
National Bank is exclusively responsible for the licencing, supervision and regulation of financial institutions activity.
National Bank of Moldova acts as banker and fiscal agent of the State and shall receive from state bodies economic and financial information and documents, which are necessary for carrying out its tasks.
National Bank of Moldova supervises the payment system of the Republic of Moldova and promotes a stable and efficient functioning of the automated inter-bank payment system
National Bank of Moldova is an autonomous public legal entity and is responsible to the Parliament.
National Bank shall inform the public on the monetary policy strategy on the results of the macroeconomic analysis, the evolution of the financial market and on statistics, including with regard to monetary supply, crediting, balance of payments and the state of the foreign exchange market.
National Bank of Moldova is responsable for the compilation of the balance of payments, international investment position and the statistics of the external debt of the Republic of Moldova.
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The National Bank of Moldova (“NBM”) has received its second formal progress briefing from Kroll on its continuing investigation of a large scale fraud in the Moldovan banking sector. The fraud resulted in the collapse in late 2014 of Banca Economii SA (“BEM”), Banca Sociala SA (“BS”), and Unibank SA (“UB”), (together, the “Three Moldovan Banks”), and the disappearance of up to USD 1 billion.
Kroll’s investigation is part of an ongoing investigation into transactions of the Three Moldovan Banks during the period 2012 to 2014, with the ultimate goal of recovering funds worldwide from the wrongdoers, as well as the identification of all parties who knowingly participated in and benefitted from the fraud, including parties and financial institutions outside Moldova.
The first phase of investigation uncovered clear evidence of the central involvement of Mr. Ilan Shor and companies and individuals connected to him (together “The Shor Group”) in the fraud. This commenced a fund flow analysis with the aim of tracing funds fraudulently obtained during 2014, to their end destination.
This second phase of investigation has significantly extended the fund flow analysis, to cover the period 2012 to 2014 and has commenced a trace of all fraudulent loan funds issued by the Three Moldovan Banks to their end destination. Kroll’s investigation has uncovered a complex and coordinated money laundering structure, involving hundreds of companies and bank accounts across multiple jurisdictions.
In total, more than USD 3 billion in new loans was paid out by the Three Moldovan Banks in the period 2012 to 2014. These funds were largely channeled through a coordinated international money laundering structure, with a significant proportion of the new loan funds being returned to Moldova to pay down prior loans.
To date the forensic fund flow analysis has identified more than USD 600 million that was dissipated during the period, rather than being returned to the Three Moldovan Banks to pay down existing loan exposure. These funds have been dissipated to numerous overseas jurisdictions, and Kroll’s findings demonstrate that the range of beneficiaries of the fraud extends beyond companies and individuals connected to the Shor Group.
Kroll and Steptoe and Johnson continue to work with regulators and other relevant stakeholders in multiple jurisdictions, including Latvia and Estonia, to obtain further disclosure to identify the ultimate beneficiaries so that action can be taken to recover the stolen funds.
Kroll is keeping the NBM regularly appraised of its progress, in what is an extremely complex investigation involving thousands of transactions, created to deliberately disguise the ultimate destination and beneficiaries of the fraud. Significant progress has been made, the details of which must remain confidential to maximise the chance of recoveries.
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