OREANDA-NEWS. November 30, 2010. The document signed by National Bank Governor Dorin Dragutanu will come in force on June 1, 2011.

The Regulation’s requirements are applied to banks participating in the international money order systems.

The Regulation contains general requirements to banks’ activity in the international money order system. Some chapters of the Regulation deal with management of risks connected with banks’ activity in the international money order systems, transparency of conditions of provision of the international money transfer services, prevention and fighting money laundering and terrorism financing, supervision of activity of banks participating in the international money transfer systems.