Albania

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27 Oct 2023

Jurisdictions under Increased Monitoring - 27 October 2023 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. One additional country, Bulgaria, is now also subject to increased monitoring. Albania, Cayman Islands, Jordan and Panama are no longer subject to increased monitoring by the FATF.
23 Jun 2023

Jurisdictions under Increased Monitoring - 23 June 2023 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. New jurisdictions subject to increased monitoring are Cameroon, Croatia and Vietnam.
22 Jun 2023

Albania's progress in strengthening measures to tackle money laundering and terrorist financing Albania has made progress to address the technical compliance deficiencies identified in the MER and subsequent FURs.
24 Feb 2023

Jurisdictions under Increased Monitoring - 24 February 2023 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. New countries subject to increased monitoring are South Africa and Nigeria. Morocco and Cambodia are no longer subject to increased monitoring by the FATF.
21 Oct 2022

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3 Oct 2022

Albania's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses the progress Albania made in addressing the technical compliance deficiencies identified in its mutual evaluation report.
17 Jun 2022

Jurisdictions under Increased Monitoring - June 2022 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
21 Oct 2021

Jurisdictions under Increased Monitoring - October 2021 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
9 Aug 2021

Albania's progress in strengthening measures to tackle money laundering and terrorist financing This report analyses Albania’s progress in addressing the technical compliance deficiencies identified in the FSRB assessment of their measures to combat money laundering and terrorist financing of July 2018.
25 Jun 2021

Jurisdictions under Increased Monitoring - June 2021 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
25 Feb 2021

Jurisdictions under Increased Monitoring - February 2021 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
23 Oct 2020

Jurisdictions under Increased Monitoring – 23 October 2020 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. Iceland and Mongolia are no longer subject to monitoring.
30 Jun 2020

Jurisdictions under Increased Monitoring – 30 June 2020 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
21 Feb 2020

Jurisdictions under Increased Monitoring – 21 February 2020 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. Trinidad and Tobago is no longer subject to monitoring.
23 Jan 2020

Albania's progress in strengthening measures to tackle money laundering and terrorist financing Albania has made efforts to address the deficiencies remaining since their 2016 Mutual Evaluation Report and subsequent follow- up reports. This report re-rates the country on 6 of the 40 Recommendations.
20 Dec 2018

Albania's measures to combat money laundering and terrorist financing This report provides a summary of AML/CFT measures in place in Albania as at the date of the on-site visit (1 to 14 October 2017). It analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of Albania’s AML/CFT system, and provides recommendations on how the system could be strengthened.
27 Feb 2015

Improving Global AML/CFT Compliance: on-going process – 27 February 2015 The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. The FATF recognised that Albania, Cambodia, Kuwait, Namibia, Nicaragua, Pakistan and Zimbabwe have made significant progress in improving their AML/CFT regime and will therefore no longer be subject to the FATF’s monitoring process.
27 Feb 2015

Outcomes of the Plenary meeting of the FATF, Paris, 25-27 February 2015 During the second Plenary meeting under the Australian Presidency, the FATF issued a statement on FATF action on terrorist finance, and adopted a report on the financing of terrorist organisation Islamic State in Iraq and the Levant ISIL. The FATF Plenary discussed the mutual evaluation reports for Australia and Belgium, and updated its statements concerning high-risk and non-cooperative jurisdictions.
24 Oct 2014

Improving Global AML/CFT Compliance: on-going process – 24 October 2014 The FATF identified jurisdictions which have strategic weaknesses in their anti-money laundering and counter terrorist financing (AML/CTF) framework. These countries have developed an action plan with the FATF to address these AML/CTF weaknesses. FATF congratulates Argentina, Cuba, Ethiopia, Tajikistan and Turkey for the strategic progress made in addressing the AML/CFT deficiencies earlier identified by the FATF.
27 Jun 2014

Improving Global AML/CFT Compliance: on-going process - 27 June 2014 The FATF identified jurisdictions which have strategic weaknesses in their anti-money laundering and counter terrorist financing (AML/CTF) framework. These countries have developed an action plan with the FATF to address these AML/CTF weaknesses. The FATF recognised that Kenya, Kyrgyzstan, Mongolia, Nepal and Tanzania made significant progress in improving their AML/CTF regime and will therefore no longer be subject to the FATF’s monitoring process.
14 Feb 2014

Improving Global AML/CFT Compliance: on-going process - 14 February 2014 The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. The FATF recognised that Antigua and Barbuda, Bangladesh and Vietnam have made significant progress in improving their AML/CFT regime and will therefore no longer be subject to the FATF’s monitoring process.
18 Oct 2013

Improving Global AML/CFT Compliance: On-going Process, 18 October 2013 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
21 Jun 2013

Improving Global AML/CFT Compliance: On-going process - 21 June 2013 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
22 Feb 2013

Improving Global AML/CFT Compliance: On-going process - 22 February 2013 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
19 Oct 2012

Improving Global AML/CFT Compliance: on-going process - 19 October 2012 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
25 Jun 2012

Improving Global AML/CFT Compliance: on-going process - 22 June 2012 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
13 Apr 2011

Mutual Evaluation of Albania Albania is a member of Moneyval, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT standards in Albania was conducted by Moneyval.

Member of

Ratings

Effectiveness

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

Benin Follow-Up Report 2023

IO1: LE
IO2: LE
IO3: LE
IO4: LE
IO5: LE
IO6: LE
IO7: LE
IO8: LE
IO9: LE
IO10: LE
IO11: LE

Technical Compliance

Definition

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

C = compliant | LC = largely compliant | PC = partially compliant | NC = non-compliant

Benin Follow-Up Report 2023

R.1 - Assessing risk & applying risk-based approach: LC
R.2 - National cooperation and coordination: LC
R.3 - Money laundering offence: LC
R.4 - Confiscation and provisional measures: PC
R.5 - Terrorist financing offence: PC
R.6 - Targeted financial sanctions related to terrorism & terrorist financing: LC
R.7 - Targeted financial sanctions related to proliferation: LC
R.8 - Non-profit organisations: NC
R.9 - Financial institution secrecy laws: C
R.10 - Customer due diligence: PC
R.11 - Record keeping: LC
R.12 - Politically exposed persons: PC
R.13 - Correspondent banking: LC
R.14 - Money or value transfer services: PC
R.15 - New technologies: NC
R.16 - Wire transfers: PC
R.17 - Reliance on third parties: LC
R.18 - Internal controls and foreign branches and subsidiaries: LC
R.19 - Higher-risk countries: NC
R.20 - Reporting of suspicious transactions: PC
R.21 - Tipping-off and confidentiality: C
R.22 - DNFBPs: Customer due diligence: PC
R.23 - DNFBPs: Other measures: PC
R.24 - Transparency and beneficial ownership of legal persons: NC
R.25 - Transparency and beneficial ownership of legal arrangements: NC
R.26 - Regulation and supervision of financial institutions: PC
R.27 - Powers of supervisors: C
R.28 - Regulation and supervision of DNFBPs: NC
R.29 - Financial intelligence units: C
R.30 - Responsibilities of law enforcement and investigative authorities: C
R.31 - Powers of law enforcement and investigative authorities: C
R.32 - Cash couriers: PC
R.33 - Statistics: LC
R.34 - Guidance and feedback: PC
R.35- Sanctions: LC
R.36 - International instruments: LC
R.37 - Mutual legal assistance: C
R.38 - Mutual legal assistance: freezing and confiscation: LC
R.39 - Extradition: LC
R.40 - Other forms of international cooperation: LC