“Moneyval”: Albanian banks cooperate with anti-money laundering authorities”
One of the two most positive aspects of the fight against money laundering in Albania is precisely the banking system, along with the legislative framework. This is clearly stated in the report, but on the other hand, the head of “Moneyval” underlined on Monday in Tirana, during the presentation of the 5th monitoring report for our country regarding money laundering and financing of terrorism.
The 235-page report says: “Banks have a good understanding of the risks deriving from money laundering and terrorist financing, as well as their obligations to authorities, by taking preventive measures in such a way as to be proportionate to the level of danger “.
“The banking sector has a constructive relationship, both with the Bank of Albania and with the General Directorate of Money Laundering Prevention. This relationship is characterized by strong communication, including the association of banks” – says the report.
The vast majority of non-bank financial institutions are also estimated to have recognized the risks inherent in money laundering and preventive measures that need to be taken, but not in terms of financing terrorism.