Workshop on “Effective Implementation of Customer Due Diligence Requirements” 
 

 organized by the 

International Monetary Fund 

in collaboration with 

the National Bank of Moldova and the Council of Europe 

Chisinau, Republic of Moldova 

July 24 – 25, 2008 

Thursday, July 24

08:00 – 08:30                         Registration of participants

08:30 – 08:50                         Opening Remarks

                                                Ion Prodan, Deputy Governor of the National Bank of Moldova

Johan Mathisen, IMF Resident Representative in Moldova

Tatiana Cojocaru, MOLICO project legal advisor 

08:50 – 09:00                         Overview and Objectives of the Workshop

Giuseppe Lombardo, Consulting Counsel, Project Coordinator, IMF Legal Department, Financial Integrity Group 

09:00 – 09:45                       Implementation of Customer Due Dilligence Requirements by Moldovan banks

Presenter: Ruslan Grate, Head of Banking Supervision and Audit Division, National Bank of Moldova 

09:45 – 10:00                         Questions 

10:00 – 10:30                          Coffee Break 

10:30 – 11:15                         Legal Challenges in the Implementation of Customer Due Diligence Requirements: FATF Recommendation 5 vis-à-vis the Moldovan Legal Framework

Presenter:       Giuseppe Lombardo

Commentator: Terence Donovan, Senior Financial Sector Expert, IMF Legal Department, Financial Integrity Group 

11:15 – 11:30                         Questions 

11:30 – 12:15                         Implementing Effectively the CDD Requirements Envisaged by the FATF Recommendations: a Practical Overview

Presenter:       Terence Donovan

Commentator: Bob Upton, AML/CFT Consultant, Council of Europe 

12:15 – 12:30                         Questions 

12:30 – 14:30                          Lunch Break 

14:30 – 15:15                         How to create an effective AML prevention system in bank: instructions, distribution of tasks and responsibilities, IT support

Presenter:       Anatolii V. Yezhov, Head of Unit of Methodology of Financial Monitoring of Department on prevention of the use of banking system for the purpose of money laundering and terrorism financing of National Bank of Ukraine

Commentator: Ruslan Grate, Head of Banking Supervision and Audit Division, National Bank of Moldova 

15:15 – 15:45                         Questions 

15:45 – 16:00                          Coffee Break 

16:00 – 16:45                         CDD requirements: an Overview from a Compliance Officer’s perspective

Presenter:       Bob Upton

Commentator: Terence Donovan 

16:45 – 17:00                         Questions 

17:00                                      Closing  

Friday, July 25 

09:00 – 09:45                         Challenges and issues faced by financial institutions in the implementation of the Law on Prevention and Combating Money Laundering and Financing of Terrorism

                                                Presenter: Ion Mamaliga, Advisor of Chairman of Moldovan Banking Association

Commentator: Ruslan Grate, Head of Banking Supervision and Audit Division, National Bank of Moldova 

09:45 – 10:00                         Questions 

10:00 – 10:45                         Effective Implementation of Enhanced Due Diligence requirements: Politically Exposed Persons and other high-risk relationships  

Presenter: Bob Upton

Commentator: Terence Donovan           

10:45 – 11:00                         Questions 

11:00 – 11:30                          Coffee Break 

11:30 – 12:30                         Practical Exercise: Internal CDD measures, procedures and controls (participants to work in groups)

Coordinator: Bob Upton 

12:30 – 14:00                          Lunch Break 

14:00 –  14:45                        The Role of the Central Bank in Supervising effectively banks on AML/CFT Compliance

Presenter:       Anatolii V. Yezhov

Commentator: Ruslan Grate, Head of Banking Supervision and Audit Division, National Bank of Moldova 

14:45 –  15:00                        Questions                                               

15:00 – 15:45                         Practical Exercise: Managing PEP and other high risk relationship with appropriate CDD measures (participants to work in groups)

Coordinator: Bob Upton 

15:45 – 16:00                          Coffee Break 

16:00 – 17:00                         Concluding session: presentation of the results of the practical exercises and final remarks 

17:00                                       Closing