The Financial Crimes Enforcement Network (FinCEN) is issuing this Advisory to inform and assist the financial industry with detecting and reporting suspicious activity relating to Transnistria, a region that operates as an unrecognized separatist area in the country of Moldova. A previous alert issued by a U.S. regulatory authority highlighted warnings issued by the Deputy Governor of the National Bank of Moldova concerning unauthorized banking activities of Transnistrian entities.1 These entities are not authorized financial institutions of Moldova and, as such, are not required to obtain or maintain transaction records or customer identification information, or file reports of suspicious transactions with the Moldovan authorities. The National Bank of Moldova has identified the following entities as those acting as unauthorized financial institutions:
|Trans-Dniester Republican Bank||Tiraspol|
|Sberbank [public information suggests this entity is not affiliated with Sberbank headquartered in Russia]||Tiraspol|
|Elektronny Regionalny Bank LAMINAT||Tiraspol|
|Social Development Benderysotsbank||Bendery|
|Businessinvestbank (formerly known as Gazprombank) [public information suggests this entity is not affiliated with Gazprombank headquartered in Russia]||Tiraspol|
Through recent meetings with Moldovan officials, FinCEN confirmed the Transnistria region may still present a vulnerability to U.S. financial institutions that offer financial services or maintain correspondent account relationships for financial institutions in Transnistria.