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Anti-Money Laundering (AML) and Combating Financing of Terrorism (CFT) in Albania

It appears that you have provided a comprehensive overview of the current state of AML and CFT efforts in Albania. Here’s a summary.

Key Institutions

  • General Directorate for the Prevention of Money Laundering (GDPML): The main institution responsible for monitoring and supervising AML/CFT activities.
  • Bank of Albania: Also involved in combating money laundering and terrorist financing.
  • Coordination Committee for the Fight against Money Laundering (CCFML): Plans and directs AML/CFT policy, meeting at least once a year.

Law Enforcement Agencies

  • Albanian State Police (ASP): Responsible for fighting crime and ensuring public order, with a Directorate for Investigating Economic Financial Crime.
  • General Prosecutor’s Office (GPO): Exercises criminal prosecution and brings charge trials in the name of state.
  • General Directorate of Customs (GDC): Cooperates with other law enforcement structures and sends reports to prosecutor’s offices for customs-related crimes.
  • General Directorate of Taxation (GDT): Targets crimes in the economic field, including money laundering, and has a special unit for ML prevention.

Other Institutions

  • Agency for the Administration of Seized and Confiscated Assets (AASCA): Performs its activity in cooperation with other relevant institutions.
  • High Inspectorate of Declaration and Audit of Assets and Conflict of Interest’s (HIDAACI): Fights corruption and economic crime through declaration and control of assets of elected and public officials.

Regulations

  • Law no. 9917, dated 19.5.2008, “On Prevention of Money Laundering and Financing of Terrorism”, as amended.

It’s worth noting that while these institutions and regulations are in place to combat money laundering and terrorist financing, it’s essential to continually monitor and update efforts to ensure effectiveness and address emerging threats.

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