During December 8, 9, 10, EBA Moldova organized Module 2 of the Program “Resilience in Financial Institutions. AML Training Program ", entitled " The international standards for AML and CTF (Financial Action Task Force (FATF), EU Directives, Basel Committee, Wolfsberg Group etc.) and the local legal framework. Applied sanctions for legislation breaches".
The program is supported by EFSE DF within the EU4Business initiative and by PwC Moldova.
The speakers of these sessions were:
- Mrs. Ludmila Costin, Senior Manager, PwC Romania
- Mrs. Denisa Sava, Senior Consultant, Forensic and Financial Services, PwC Romania
Among the sub-topics addressed were:
- Highlights of the European Union AML Directives;
- Financial Action Task Force (FATF);
- The global AML landscape and its impact on financial institutions’ future;
- etc.
On the 3rd day of the Module, Mr. Andrei Burciu, Deputy Head of the Department for Preventing and Combating Money Laundering and Terrorist Financing, National Bank of Moldova, also joined the course.
Mr Andrei spoke about:
- Risk assessment and risk-based approach
- Customer precautions
- International restrictive measures
- etc.
This Academy is attended by over 40 representatives of Financial Institutions, Large Companies and Small Microcredit Companies, representatives of ASEM and USM teachers.
The purpose of the Resilience within Financial Institutions: The AML Training Program is to enhance the AML and Compliance competencies and the overall level of expertise in the financial sector of both banks and non-banking credit organisations. The program is structured in 8 Modules and will be conducted by trainers & experts with international and regional experience.