Financial Crime World

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Combating Financial Crime in Albania: A Project Proposal Overview

The proposed project aims to enhance the operational results and integration among key institutions involved in financial investigation in Albania. The project will be led by the General Prosecutor’s Office (GPO) with the collaboration of other providers of assistance, including the Police Program, Customs Project, and OPDAT.

Cross-Cutting Activities

To achieve its objectives, the project will undertake four cross-cutting activities that bring agencies closer together and increase information flow:

Activity 1: Enhancing Financial Intelligence Unit (FIU) Capabilities

  • Advise and mentor the FIU to develop strategic plans
  • Implement the National Strategy on Financial Crimes
  • Enhance analytical capabilities
  • Improve IT systems usage
  • Develop compliance awareness among reporting entities

Activity 2: Developing Financial Crime Investigative Skills

  • Assist the Albanian State Police Directorate for Financial Crime and Money Laundering in developing financial crime investigative skills
  • Implement the National Strategy
  • Understand money laundering techniques
  • Improve tasking and coordination processes

Activity 3: Strengthening Agency for the Administration of Sequestered Assets (AASCA)

  • Provide advice and mentoring to AASCA to develop its capacity
  • Implement the National Strategy
  • Review legal and administrative frameworks
  • Integrate practices into financial investigative processes
  • Establish effective processes for obtaining sequestration & seizure orders

Activity 4: Strengthening Judicial Investigative Unit (JIU)

  • Assist JIU in developing its capabilities to effectively investigate financial crimes
  • Implement the National Strategy
  • Improve coordination and collaboration with other institutions
  • Enhance analytical capabilities and IT systems usage

Primary Objective

The project’s primary objective is to bring institutions closer together, increase collaboration, and improve information flow, rather than undertaking individual activities in isolation.