Here is the article rewritten in markdown format:

Risk-Based Approach Key to Preventing Financial Crime in Albania

===========================================================

Tirana, Albania - The Bank of Albania has adopted a risk-based approach to supervising licensed financial institutions, aimed at strengthening financial stability and consumer protection.

A New Strategy for Supervision

The new strategy focuses on identifying and addressing potential risks associated with key financial services and products in the market. By prioritizing the most critical sectors, the Bank of Albania seeks to mitigate the threat of financial crime and ensure that consumers are better protected.

Key Components of the Risk-Based Approach

• Identifying and assessing potential risks associated with financial services and products
• Prioritizing the most critical sectors for supervision
• Concentrating resources on vulnerable areas
• Preventing illicit activities such as money laundering, terrorism financing, and other forms of financial crime

A Safer Financial Environment for Albanian Citizens

By adopting a risk-based approach to supervision, the Bank of Albania hopes to create a safer and more stable financial environment for Albanian citizens. This approach is in line with international best practices and is expected to enhance confidence in the country’s financial system.

Benefits of the Risk-Based Approach

• Enhanced consumer protection
• Increased financial stability
• Reduced risk of financial crime
• Improved confidence in the financial system