Albania, eyeing EU, approves laws against money-laundering
18 Jun 2019

Albania’s parliament approved a series of laws on Monday aimed at plugging holes in legislation against money laundering as part of efforts to persuade the European Union to launch accession talks.

The EU is expected to decide by September whether to open membership talks with Albania and North Macedonia.

Diplomats say North Macedonia is likely to receive an invitation but not Albania due to persistent concerns about corruption, especially money laundering, despite Tirana’s firing of corrupt judges and prosecutors.

“The package of five draft laws fills in a short time the technical holes and meets the recommendations that are seen as a priority and of special importance,” Finance Minister Anila Denaj told parliament, referring to the suggestions of a European anti-money laundering body.

Under the new laws, businesses must declare new partners, transactions by politicians will be monitored for five years, and an agency will be set up to administer properties seized by the state in the fight against money laundering.

By Benet Koleka, Reuters, 17 June 2019

Read more at Reuters

Photo: AwOiSoAk [CC BY-SA 3.0], via Wikimedia Commons

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