Attributions

Office for Prevention and Fight Against Money Laundering has the following attributions:

a) to collect (store), to analyze and to process the information on suspect transactions and other activities, provided by the reporting entities, according to the provisions of the present law;

b) to carrying out operative investigation measures, according to the laws in effect;

c) to collaborate and exchange information with public administration authorities, the intimation of the competent authorities regarding the causes and the conditions favoring the commission of illicit actions, to be taken measures established by legislation;

d) to disseminate information and documents to criminal investigation authorities and to other competent authorities, when there are reasonable suspicions that the transaction has the purpose of money laundering and financing of terrorism or other crimes that generate proceeds;

e) to develop cooperation and information exchange with similar foreign authorities, international organizations dealing with money laundering and financing of terrorism issues;

f) to elaborate the proposals for harmonizing the legislation with relevant international regulations;

g) to participate at the realization of the National strategy of preventing and combating of money laundering and terrorism financing;

h) to create and to ensure the good functioning of the information system, in its area of activity;

i) to provide methodological supplies for reporting entities in the area of prevention countering money laundering and terrorism financing;

j) to request and to receive additional information from the reporting entities, public authorities,  for assessing the suspect nature of the transactions;

k) to inform the reporting entities, as frequently as possible, about the results of the examination of the provided information, to publish periodically activity reports;

l) at the request of other authorities empowered to supervise the reporting entities to fulfill the control and the verification of the observance of the present law by the reporting entities;

m) to collect and analyze statistic material regarding the efficiency of the prevention and countering money laundering and terrorism financing system, including the number of suspect transactions declaration, number of criminal cases and convicted persons, data on transactions freezing, seizure and confiscation of the proceeds obtained from money laundering and terrorism financing;

n) to exercise other functions, according to the tasks provided by law.