Financial Crime World

Albania Tightens Anti-Bribery Laws and Regulations to Fight Corruption

TIRANA, ALBANIA - The Albanian government has taken significant steps to strengthen its anti-bribery laws and regulations in an effort to combat corruption and ensure transparency in public institutions.

The country’s Constitution, Criminal Code, and Criminal Procedure Code outline the legal framework for combating bribery and other forms of corruption. Additionally, several laws have been enacted specifically to prevent and punish corruption, including:

  • Law on Preventing and Striking at Organized Crime
  • Law on Prevention and Striking of Organized Crime, Trafficking, Corruption and Other Crimes through preventive measures against Property
  • Law on the Prevention of Money Laundering and Financing of Terrorism

Regulations to Prevent Money Laundering and Financing of Terrorism

The country has implemented a range of regulations aimed at preventing money laundering and financing of terrorism. These regulations require financial institutions to implement strict anti-money laundering and counter-terrorism financing controls, as well as report suspicious transactions to the authorities.

Specialized Agencies and Institutions

To further strengthen its anti-corruption efforts, Albania has established several specialized agencies and institutions, including:

  • Anti Corruption Task Force
  • State Supreme Audit Institution

The government has also adopted an Inter-Sectoral Strategy against Corruption for 2015-2020 and an Action Plan for 2015-2017, which outlines specific measures to combat corruption and increase transparency in public administration.

Key Laws and Regulations

Other key laws and regulations aimed at preventing corruption include:

  • Law on Public Procurement
  • Law on Prevention of Conflicts of Interest in the Exercise of Public Functions
  • Law on Declaration and Audit of Assets, Financial Obligations of Elected Persons and Certain Public Officials

These laws require public officials to declare their assets and financial obligations, and prohibit them from engaging in activities that may compromise their impartiality.

Protecting Whistleblowers and Witnesses

In addition, Albania has implemented a range of measures aimed at protecting whistleblowers and witnesses who come forward with information about corruption. The Law on the Protection of Witnesses and Justice Collaborators provides for the protection of individuals who report corruption and allows them to testify anonymously.

Conclusion

Overall, Albania’s efforts to strengthen its anti-bribery laws and regulations demonstrate its commitment to combating corruption and promoting transparency in public administration.