The report includes results of monitoring the evolutions in these sectors, as the result of a massive bank fraud that took place in the Republic of Moldova, as well as monitoring the process of assets recovery. The activity was conducted within the project „A Case Based Approach to Fighting Grand Corruption” funded by the Embassy of Netherlands in Romania.
The December 2016 – October 2017 period was full of events in the financial and banking sector. Following the Filip Government’s decision in September 2016 to convert into internal state debt the guarantees issued in November 2014 and March 2015 (intended to cover the “gaps” created following the frauds from three banks: the Savings Bank, the Social Bank and Unibank), series of initiatives to amend financial-banking legislation were launched. These changes were to meet the conditions and commitments of the Moldovan authorities towards the International Monetary Fund (IMF) and other development partners.