Albanian Financial Crimes Regulatory Bodies Under Scrutiny: AFSA Takes Center Stage

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The Albanian Financial Supervisory Authority (AFSA) has emerged as a key player in the country’s financial sector, tasked with overseeing and regulating the non-banking financial industry.

Mission and Principles

AFSA is driven by principles of independence, accountability, transparency, and integrity. Its mission is to promote safe and efficient practices among institutions performing public functions.

Role in Capital Market Development

At the forefront of capital market development, AFSA licenses and supervises key players in this domain, including the Albanian Securities Register (ALREG). The regulatory body’s dual mandate aims to:

• Ensure stability and growth of capital markets
• Protect consumers from financial harm

Combating Financial Crime

As Albania continues to grapple with issues of financial crime, AFSA’s role assumes even greater importance. With its commitment to transparency and accountability, the institution is poised to play a crucial role in combating financial fraud and ensuring the integrity of the country’s financial system.

By focusing on these key areas, AFSA is well-positioned to make a positive impact on Albania’s financial landscape, promoting a safe and efficient financial environment for all stakeholders.