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Combating Money Laundering and Financing Terrorism in Albania

Albania has a robust framework for combating money laundering and financing terrorism, as outlined in Law no. 9917 dated May 19, 2008. Several key institutions play crucial roles in this effort.

Institutions Involved

The following institutions are responsible for preventing and combating money laundering and financing terrorism in Albania:

Albanian Financial Intelligence Unit (GDPML)

  • Responsible for monitoring and supervising illegal activities related to money laundering.
  • Plays a key role in implementing policies against money laundering.

Bank of Albania

  • Also plays a significant role in implementing policies against money laundering.
  • Collaborates with other institutions to prevent and combat money laundering.

Coordination Committee for the Fight against Money Laundering (CCFML)

  • Charged with planning and general direction of Anti-Money Laundering/Combating Financing of Terrorism policy.
  • Ensures coordination among institutions involved in combating money laundering.

Albanian State Police (ASP)

  • Responsible for fighting crime, ensuring public order, and integrity of borders.
  • Has a Directorate for Investigation of Economic Financial Crime (DIEFC) that investigates money laundering offenses.

General Prosecutor’s Office (GPO)

  • Exercises criminal prosecution and brings charges in the name of state.
  • Initiates and leads investigations into money laundering crimes.

General Directorate of Customs (GDC)

  • Cooperates with other law enforcement structures.
  • Sends reports to prosecutors for criminal offenses identified in the customs area.

General Directorate of Taxation (GDT)

  • Targets crimes in the economic field, including money laundering.
  • Has a special ML prevention unit and reports any suspicion or information related to money laundering to GDPML.

Agency for the Administration of Seized and Confiscated Assets (AASCA)

  • Performs its activities in cooperation with other relevant institutions.
  • Includes courts, prosecutor’s offices, banks, local government, and immovable property registration offices.

By working together, these institutions collaborate to prevent and combat money laundering and financing terrorism in Albania.