Moldovan and Ukrainian law enforcers detect cross-border money laundering scheme

The National Anti-Corruption Center and the Anti-Corruption Prosecution of Moldova, jointly with the Committee for Financial Monitoring of Ukraine have detected a large-scale cross-border money laundering scheme that caused financial damages of 7.8 million lei (US$685 thousand).

This sum represents the difference between the declared price of the goods imported from Ukraine and their real costs. Moreover, the perpetrator did not indicate the exact sum of profits in the financial report, concealing it from taxation. The money was transferred to the accounts of a ghost-company and then – to the banking cards of some private people.

Two criminal cases on money laundering and tax evasions were opened. A parallel investigation is carried out in Ukraine, as the law enforcers established that the money for purchasing the transported goods was received in result of a fictitious loan transaction, concluded with a Ukrainian citizen.

Moreover, in order to lend legitimacy to this deal, the perpetrators registered it with the National Bank of Moldova.  

Adapted from Infotag