MONEYVAL Pushes Albania to Implement Stronger Anti-Corruption Regulations

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The Council of Europe’s MONEYVAL focus group has placed Albania into its upgraded follow-up procedures list and has reportedly approached Albanian officials to further examine cases linked with tax evasion money laundering and freeze any related funds and assets.

MONEYVAL’s 5th assessment report revealed that Albanian tax avoidance and money laundering examinations seldom result in arraignments, and procedures associated with significant tax evasion offenses are for the most part suspended or rejected by the indictment.