On 25 - 26 March and 27 and 28 March of the current year the training “Financial investigation from strategic considerations up to actual activities” was organized with the framework of the ESF project “Justice for Growth”. Purpose of the training was to strengthen the ability to combat laundering of proceeds of crime.
The training was organized by the Court Administration, where judges, investigators, prosecutors and representatives of the Control Service participated.
The training was led by Oxana Gisca, who is the head of the Control and Compliance Department of the Office for Prevention and Fight against Money Laundering of the Republic of Moldova, and Giuseppe Lombardo, the International Strategic Advisor for Financial Integrity in Rome.
Upon evaluating the needs of the training, three topical directions were discussed during the training:
- Introduction on financial investigation, including strategic considerations, when investigating cases of money laundering; information sources required for performance of financial investigation;
- Establishment of the actual owner: best practice and challenges of the financial investigation;
- Investigation of large money laundering schemes (including companies for merging of funds), exercise on financial investigation and collection of evidence on the local and international level.
Financial investigation simulation includes also issues of money laundering related to commercial activity, in order to discuss the relation between commercial activity, laundering of proceeds of crime and tax avoiding/ tax fraud.
This training is particularly topical due to the fact that the Ministry of Justice, upon collecting recommendations from several ministries and state authorities, has prepared amendments to the Law on the Prevention of Money Laundering and Terrorism Financing, the purpose of which is to make the system for prevention of money laundering more effective, as well as to eliminate provision of false information about beneficial owners of companies.