New Documents

The Bank of Albania released Decision No. 14 which approves amendments to the regulation on Carrying Out of Activity and Supervision of Payment Institutions.

The Council of Europe’s Group of States against Corruption issued a report on the corruption prevention measures of Albania with respect to top executive functions and law enforcement authorities.

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 : 7 High : 0
Largely Compliant : 29 Substantial : 2
Partially Compliant : 4 Moderate : 7
Non-Compliant : 0 Low : 2

Albania's technical compliance was re-rated in a June 8, 2022 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