Legislative Framework on the Recovery 3.2 Moldova’s Legislative of Illicitly-Obtained Assets Framework on Illicit Financial Flows The confiscation regime is set out in the Criminal Code of the Republic of Moldova (CCM) 115 and the Criminal Procedure Code of the Republic of Moldova (CPCM). [...] This has unbalanced in comparison to the scale of organised crime resulted in positive investigatory outcomes and the and corruption in the country.134 As Moneyval outlines, seizure and confiscation of proceeds of crime.141 The legal “the actual number and value of confiscated assets remain system does not present any impediments to seize or low and do not appear to correspond to the scale of conf. [...] If Moldova were to prioritise the seizure and confiscation of only 10% of the estimated USD one billion in annual IFFs The infrastructure sector is harmed by inefficiency in the country, this would cover some 40% of the annual and widespread fraud; in April 2017, the Minister of cost to maintain and repair all national and local roads Transportation and Road Infrastructure was arrested on througho. [...] E stablish the Use of Unjustified new partnerships with civil society organisations and other Enrichment Proceedings as a Norm Within similar organisations can provide new and innovative the Criminal Justice System approaches to the asset recovery process and can tap into platforms and systems for the monitoring and Adopt and implement as the norm, and not the exception, investigation of IFFs. [...] Criminal and (3) the so-called “banking clearing system” – a relic proceedings often take years to adjudicate, delaying the of the 1990s – that allows for the proliferation of money issuing of final orders for the confiscation of assets linked laundering schemes into the legal transactions of the to organised crime and corruption.
- Pages
- 48
- Published in
- Italy
