The Parliament adopted the draft law to amend the law on the Prevention and Combating of Money Laundering and the Law on the Detection of Violations in the Field of Prevention of Money Laundering and Terrorist Financing

The Parliament adopted the draft law to amend the law on the Prevention and Combating of Money Laundering and the Law on the Detection of Violations in the Field of Prevention of Money Laundering and Terrorist Financing

• 31.03.2023

On March 30, 2023, the Parliament adopted the draft law to amend the law on the Prevention and Combating of Money Laundering and the Law on the Detection of Violations in the Field of Prevention of Money Laundering and Terrorist Financing.

Thanks to the efforts made since the adoption and during the implementation of the laws, the Association succeeded in promoting and contributing to the improvement of the law by:
- Exclusion of the obligation to present the compliance sheet;
- Exclusion from the list of reporting entities of postal operators other than those providing payment services
- Regulating the possibility of identifying and verifying customers electronically (remote identification).

Also, the draft law stipulates as reporting entities only insurers and intermediaries that carry out the activity within the limits of life insurance classes.

Last but not least, during the three rounds of public consultations, most of the Association's proposals, other than those mentioned, which improved or excluded some abusive provisions, were accepted.