Financial Crime World

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Project Overview

The project aims to strengthen the capacity of Albanian institutions to investigate and combat financial crime, including money laundering. The main beneficiaries are:

  • Ministry of Finance (Financial Intelligence Unit - FIU)
  • Albanian State Police (ASP)
  • Agency for the Administration of Sequestered Assets (AASCA)

Key Activities

The project will focus on four cross-cutting activities:

Advice and Mentoring

  • Long-term advisors will provide guidance to each beneficiary institution, enhancing their strategic development, implementing national strategies, and improving analytical capabilities.

Financial Crime Investigation

  • The ASP will develop investigative skills, including asset tracing, and implement the National Strategy and corresponding Action Plan on Financial Crimes.

Asset Seizure and Management

  • AASCA will develop its capacity, review existing legislation, and establish effective processes for obtaining sequestration & seizure orders.

Training and Human Resources

  • Institutions will develop training programs and human resources policies to support financial investigators.

Objectives

  • Enhance the analytical capability of the FIU
  • Improve the tasking and coordination process for the ASP
  • Develop the capacity of AASCA, including asset management
  • Establish effective processes for obtaining sequestration & seizure orders

Project Outcomes

The project will promote cooperation and experience exchange between institutions, both within Albania and abroad. By achieving these objectives, the project aims to strengthen the capacity of Albanian institutions to investigate and combat financial crime.