Financial Crime World

Albania Takes Action Against Financial Crime

Strengthening Anti-Corruption and Anti-Money Laundering Regimes

The Action against Economic Crime in Albania (AEC-AL) has been launched to support the authorities in implementing key recommendations from European and international bodies, such as MONEYVAL and GRECO.

Project Objectives

  • Improve legislation and institutional frameworks to prevent and combat corruption, money laundering, and terrorist financing
  • Strengthen asset recovery and management practices
  • Establish effective mechanisms to prevent and suppress money laundering and terrorist financing
  • Boost inter-institutional cooperation in combating economic crime

The project will work closely with various beneficiaries, including:

  • Parliament of Albania
  • Ministry of Justice
  • Ministry of Interior
  • Other government agencies
  • Civil society organizations
  • Private sector entities

Capacity-Building Interventions

AEC-AL will deliver advisory and capacity-building interventions tailored to the specific needs of beneficiaries, building on the results achieved during the implementation of the Horizontal Facility Phase I (2016-2019).

Expected Results

  • Improved legislation and institutional framework
  • Strengthened asset recovery and management practices
  • Effective mechanisms to prevent and suppress money laundering and terrorist financing
  • Boosted inter-institutional cooperation in combating economic crime

Funding and Implementation

The total budget for AEC-AL is €800,000, with the European Union providing 85% of the funding. The project will be implemented by the Council of Europe in collaboration with local partners.

Getting Involved

Those interested in learning more about AEC-AL can visit the Economic Crime and Cooperation Division’s website at www.coe.int/econcrime or contact Maia Mamulashvili, Programme Coordinator, at Maia.Mamulashvili@coe.int.