Albania Albania

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The governments of the U.K. and Albania issued a joint statement that reinforces their commitment to enhancing bilateral cooperation on Home Affairs, particularly in the context of combating serious organized crime.

The Bank of Albania released its Annual Supervision Report for the year 2022 to 2023, highlighting key efforts to tackle financial crimes, such as money laundering and terrorist financing, and to ensure effective corporate governance.


Enforcement Actions

0 Items Found

Important Facts

  • The U.S. State Department identifies Albania as a major money laundering jurisdiction. Albania is at significant risk for money laundering due to corruption, growing organized crime networks and weak legal and government institutions. The country has a large cash economy and informal sector, with significant money inflows from abroad in the form of remittances and diverse investments. Major proceeds-generating crimes in Albania include drug trafficking, tax evasion, and smuggling, arms trafficking and counterfeiting. Real estate, business development projects and gaming are also popular methods for disguising illegal proceeds. Albanian organized crime organizations have links with European and South American networks. In addition, the country has a major black market for smuggled goods facilitated by weak border controls and customs enforcement. Albania has know-your-customer and suspicious transaction reporting requirements.
-Source: 2021 International Narcotics Control Strategy Report (INCSR)


FATF i | 2013 Methodology

Technical Effectiveness
Compliant : 6 High : 0
Largely Compliant : 31 Substantial : 2
Partially Compliant : 2 Moderate : 7
Non-Compliant : 0 Low : 2
Not-Applicable : 1

Albania's technical compliance was re-rated in a June 21, 2023 follow-up report


Rank : 72/110
Score : 5.72


Rank : 104/180
Score : 36/100

Tax Justice Network i

Rank : N/A
Score : N/A