There is an activism of Great Britain, the former power, goes against the European Union for organized crime and drugs, labeling Albania as a country that is heading towards failure, while otherwise presented by Germany, they want to introduce it in Europe.
Albania is listed by the UK government among the 21 countries with the highest risk of money laundering and terrorist financing. Albania is also part of a document submitted a few days ago to the British Parliament.
The British government report states that since February 2020, when Albania made a high-level political commitment to work with FATF and MONEYVAL, it has taken steps towards improvement, but it still remains to be done.
“Albania should continue to work on implementing its action plan to address its strategic shortcomings, including: (1) finalizing a project to reduce the informal economy and registering ownership of all real estate; (2) improving the timely handling of mutual requests for legal aid; (3) establishing more effective mechanisms to detect and prevent criminals from possessing or controlling proceeds, including strengthening the powers of the competent authorities to apply sanctions; (4) ensuring that accurate and up-to-date information on lawful ownership and beneficiaries is available in a timely manner; (5) increase the number and sophistication of criminal prosecutions and confiscations for money laundering, especially in cases involving foreign whistleblowers or third parties; and (6) improving the implementation of financial objectives through sanctions and supervisory actions that identify and correct deficiencies, ”the document reads.
The document was approved by parliament on March 26th. Other countries on the list besides Albania are Barbados, Botswana, Burkina Faso, Cambodia, Cayman Islands, Ghana, Jamaica, Mauritius, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Senegal, Syria, Uganda, Yemen and Zimbabwe.
