In the period of the banking frauds, any amount of money could be unblocked in banks without the knowledge of the National Anticorruption Center (NAC) owing to an amendment adopted by Parliament to the anti-money laundering legislation that had been active for 1,5-2 years, exactly in the period of the banking frauds, the Center’s ex-vice director Cristina Tarna stated in the talk show “Important” on TVC21 channel, IPN reports.
According to Tarna, the essence of the modification was that a person could go only to court to have the money blocked by the NAC unblocked. “If you file a lawsuit and challenge the blocking of the money in the account and then get a stamp in the court’s antechamber, the NAC’s anti-money laundering service does not yet know that you went to court, but you can go to the bank with this paper with stamp and the bank is obliged to unblock the money. Practically in 5 minutes you could transfer the money where you wanted,” she stated.
Thus, when the NAC explained the reasons for the blocking in court, the person didn’t even appear in court as this didn‘t care if he lost the case. “During a period of 1.5-2 years, which was exactly the period of the banking frauds, the Anticorruption Center had that red button that it could push to take control of the money blocked,” said Cristina Tarna.
She also said that all the financial intuitions in Moldova are obliged to send particular reports to the NAC when suspect and limited transactions are performed. The limited transactions are those that exceed a particular amount for a private individual or legal entity. They are reported during a month. The suspect transactions are those that are carried out by persons involved in politics or with offshore areas where the money laundering risks are high or with areas with high terrorism risks. “In such cases, the financial institutions should report these as suspect transactions within three days. The NAC has to deal with millions of reports of the kind. Thus, if there are signs of money laundering, the NAC can go to court and ask that this money be blocked,” stated Cristina Tarna.