The Security and Intelligence Service actively involves in the implementation of the standards of the Financial Action Task Force (FATF) and of the recommendations made by the experts of the MONEYVAL Committee in the Mutual Evaluation Report on the Republic of Moldova, issued on July 2019, in Strasbourg.
In this context, on 28 October 2020, authorities approved the Government Decision no. 792 on approval of the Regulation for implementation procedure of targeted financial sanctions related to terrorism activities and proliferation of weapons of mass destruction.
The Regulation was drafted by the Security and Intelligence Service of the Republic of Moldova, as a national authority in preventing and countering terrorism, in coordination with other public authorities competent in this field, and according to transparency procedures provided by the law in force.
The objectives of the document concern the implementation efficiency of the targeted financial sanctions related to terrorism activities and proliferation of weapons of mass destruction.
At the same time, the Regulation ensures the full compliance with the Resolutions of the United Nations Security Council on the implementation of targeted financial sanctions related to terrorism activities (regarding “Taliban”, “ISIL (Da'esh)”, “Al-Qaeda”) and proliferation of weapons of mass destruction (regarding Iran and the Democratic People's Republic of Korea).
In this connection, the Regulation aims to fulfill the general provisions regarding implementation of targeted financial sanctions related to terrorism activities and proliferation of weapons of mass destruction, covered by Law no. 120 of 21.09.2017 on preventing and combating terrorism and Law no. 308 of 22.12.2017 on preventing and combating money laundering and terrorism financing, as follows:
- regulates the method of implementation of targeted financial sanctions regarding persons, groups or entities involved in terrorism activities and proliferation of weapons of mass destruction (hereinafter - designated persons, groups and entities);
- lays down the procedure for designating and de-listing persons, groups and entities in/from the consolidated list;
- determines the competences and attributions of the authorities responsible in this field and establishes the general framework for the implementation of targeted financial sanctions.
The approval and implementation of the Regulation will ensure harmonization of the national legal framework with international standards and good practices in the field. At the same time, it will strengthen and increase efficiency of the national system for the implementation of targeted financial sanctions related to terrorism activity and proliferation of weapons of mass destruction, ensuring a combative and dissuasive attitude.
The Security and Intelligence Service is aware of the impact and extent of the threats posed by terrorism and the proliferation of weapons of mass destruction. Therefore, SIS supports the efforts of the international community to prevent and counteract factors that contribute to the emergence and development of these phenomena.