The Parliament voted at first reading amendments on several legislative acts (the so-called de-offshorisation law), which are designed to safeguard the public sector from security risks coming from local and international criminal groups, IPN reports.

The promoted regulations establish restrictions on participation in privatization procedures, public-private partnership, public procurement and concessions for several categories of legal entities. These include: legal entities founded by subjects from jurisdictions that do not comply with international transparency standards, legal entities comprising, directly or indirectly, one or more entities registered or residing in such jurisdictions, legal entities registered in the Republic Moldova if the participation shares in the share capital belong to legal entities registered in jurisdictions that do not implement international transparency standards.

According to MP Igor Munteanu, author of the draft, the document offers an additional framework to strengthen the collection of taxes and avoid their transfer to jurisdictions that do not meet international transparency standards with the use of tax evasion mechanisms.

The Government will approve the methodology for establishing the jurisdictions that do not implement international transparency standards and approve their lists.