The Supreme Council adopted the Law on Multilevel Marketing

The Central Bank of the Pridnestrovian Moldavian Republic received additional powers to protect the population from multilevel marketing. The corresponding amendments to the law "On the Central Bank of the Pridnestrovian Moldavian Republic" were adopted in the course of the meeting of the Supreme Council in the second final reading. They suggest that the Central Bank of the PMR will be able to suppress illegal financial activity by informing law enforcement agencies. The Pridnestrovian Republican Bank will create and publish a list of individuals and legal entities with identified signs of fraudulent financial schemes, quasi-investment projects, and other illegal activities in the financial market.

As the parliamentarian noted, the Central Bank has already developed a regulatory framework with a methodology for identifying financial fraudsters. The list of entities considered suspicious by the regulator will be of a reference nature and will be posted on the official website of the Bank of Pridnestrovie. In addition, the head of the Central Bank has the right to notify law enforcement agencies about the dissemination of information by dubious participants in the financial market for a final assessment of their activities.

The adopted law will help reduce the level of involvement of citizens and organizations of Pridnestrovie in illegal activities and ensure protection from the use of the infrastructure of the financial market of the Pridnestrovian Moldavian Republic for illegal transactions.

The law will enter into force after signing by the President of the Pridnestrovian Moldavian Republic and official publication.