The National Bank of Moldova calls on the people to be prudent as the investment of money in the financial pyramid MMM-2011 involves major risks, Info-Prim Neo reports, quoting a communiqué from the Bank.
According to central bank, a meeting was called with representatives of the Prosecutor General’s Office of Moldova, the Anticorruption Center’s Money Laundering Combating Service and of commercial banks. It centered on the intensification of the illegal work of the financial pyramid MMM-2011, by which money is attracted from the population, and possible solutions for sopping this process.
The participants in the meeting stated that the given financial activity is not licensed, regulated and supervised by the National Bank of Moldova or another state institution and is not compliant with the banking legislation. They also said that there is no mechanism for tracking the deposited money and their subsequent use and this is against the law on the prevention of money laundering and terrorist financing.
The representatives of the aforementioned institutions and commercial banks stressed the necessity of stepping up the measures to prevent such transactions and of informing the Money Laundering Combating Service in accordance with the legislation.