There must be no amnesty for corruption in Moldova

Transparency International: Do not pass laws that encourage money laundering

Issued by Transparency International Secretariat



Transparency International and its national chapter in Moldova are calling on lawmakers to withdraw legislation currently before the Moldovan parliament that would grant impunity to corrupt officials, businesses and civil servants for declaring assets, even if the assets were acquired from illicit wealth.

In the last ten years a significant number of prominent people and businesses in Moldova have enriched themselves from corruption. Most have not been brought to justice and the money siphoned off, including from a US$1 billion bank scam and other high profile crimes, has not been traced.

The two laws before parliament would allow individuals and businesses to make asset declarations, which may be well below market values, in exchange for amnesty from prosecution.

“The government should not pass laws that encourage money laundering and corruption. This will benefit the corrupt and severely undermine Moldova’s fight against corruption. It will send a signal that corruption pays and will deny citizens of much needed state financing that could go to improving public services,” said José Ugaz, Chair of Transparency International.

Transparency International Moldova has joined with civil society to protest these laws.

“The government is taking action that would deny the state budget and the people of Moldova much needed funds. It’s time for them to crack down on money laundering and not to abet it. The government should apply a 2013 law that would allow it to collect taxes on undeclared income and properties, not introduce legislation that will let those who have enriched themselves illegally legalise their ill-gotten gains,” said Lilia Carasciuc, the Executive Director of Transparency International Moldova.

Transparency International is also calling on Moldova’s international partners to pressure the government to withdraw the legislation. Moldova received a first tranche of a US$179 million International Monetary Fund loan in November with stipulations that it address corruption. Getting the next tranche of the money should be contingent on the laws being withdrawn.


For any press enquiries please contact

Natalie Baharav
T: +49 30 3438 20 666
E: .(JavaScript must be enabled to view this email address)

Latest

Support Transparency International

Risk of impunity increases with outcome of Portuguese-Angolan corruption trial

A verdict last week by the Lisbon Court of Appeals in the trial of former Angolan vice president Manuel Vicente has disappointed hopes for a triumph of legal due process over politics and impunity. It also has worrying implications for the independence of Portugal’s judiciary.

The UK just made it harder for the corrupt to hide their wealth offshore

If counted together, the United Kingdom and its Overseas Territories and Crown dependencies would rank worst in the world for financial secrecy. Fortunately, this could soon change.

The new IMF anti-corruption framework: 3 things we’ll be looking for a year from now

Last Sunday, the International Monetary Fund (IMF) unveiled its long-awaited framework for “enhanced” engagement with countries on corruption and governance issues. Here are three aspects we at Transparency International will be looking at closely in coming months as the new policy is rolled out.

While the G20 drags its feet, the corrupt continue to benefit from anonymous company ownership

The corrupt don’t like paper trails, they like secrecy. What better way to hide corrupt activity than with a secret company or trust as a front? You can anonymously open bank accounts, make transfers and launder dirty money. If the company is not registered in your name, it can't always be traced back to you.

Urging leaders to act against corruption in the Americas

The hot topic at the 2018 Summit of the Americas is how governments can combat corruption at the highest levels across North and South America.

The impact of land corruption on women: insights from Africa

As part of International Women’s Day, Transparency International is launching the Women, Land and Corruption resource book. This is a collection of unique articles and research findings that describe and analyse the prevalence of land corruption in Africa – and its disproportionate effect on women – presented together with innovative responses from organisations across the continent.

Passport dealers of Europe: navigating the Golden Visa market

Coast or mountains? Real estate or business investment? Want your money back in five years? If you're rich, there are an array of options for European ‘Golden Visas’ at your fingertips, each granting EU residence or citizenship rights.

Social Media

Follow us on Social Media