The Parliament adopted at first reading a new Law on the Measures against Money Laundering, proposed by the Council of Ministers.  The law aims to achieve compliance with a EU directive on preventing the use of the financial system for money laundering and funding terrorism.

The Council of Ministers has legislated the setting up of an inter-institutional working group, which will prepare and update a National Risk Assessment. The law introduces stricter sanctions for non-compliance as well as improved control functions of the supervisory authorities. Major changes are also planned in the rules for determining the source of funds to achieve better efficiency, administrative economy and flexibility in view of the type of transaction or operation, the client risk profile, etc. The Chair of the State Agency on National Security will control the implementation of the law.