Back Albania made little progress

Albania made little progress but on the right path toward thwarting money laundering and financial crimes in 2018, according to U.S. State Department’s 2019 International Narcotics Control Strategy Report. The Report’s Volume II on Money Laundering and Financial Crimes says the Government of Albania made no significant progress toward thwarting money laundering and financial crimes in 2018: “Albania remains vulnerable to money laundering due to corruption, growing organized crime networks, and weak legal and government institutions. Recent justice reforms, vetting of judges and prosecutors for corruption and ties to organized crime, and the creation of a police task force targeting organized crime activities have created a positive trajectory for Albania to address money laundering and financial crimes”.

March 2019
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