Financial Crimes Enforcement Network (FinCEN) Guidance on Transnistrian Banks

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:

Name Location
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
Ipotechny Bank Tiraspol
Social Development Benderysotsbank Bendery
Businessinvestbank (formerly known as Gazprombank) [public information suggests this entity is not affiliated with Gazprombank headquartered in Russia] Tiraspol
Tiraspromstrojbank Tiraspol
CJSC �Agroprombank� 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.

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