This update concerns anti-money laundering and counter-terrorist financing legislation and civil society consultation, which falls outside the FS Products & Services taxonomy scope focused on specific financial products and services.
No secondary tag applies; this is a regulatory/compliance consultation on AML/CTF frameworks rather than a product or service offering.
Specialism
The update directly concerns Albania's draft legislation harmonizing its AML/CTF framework with EU standards, including beneficial ownership verification, data quality, and supervision mechanisms.
Mandatory inheritance: AML/CTF is a child of Financial Crime, so Financial Crime must be raised as the secondary tag.
2026-06-15 08:19:46·arahman@vixio.com
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TITLE: Albania's Financial Intelligence Agency Consults Civil Society on Anti-Money Laundering and Counter-Terrorist Financing Draft Law
BODY:
The Financial Intelligence Agency organized a consultative meeting with civil society representatives at the Institute for Democracy and Mediation to discuss Albania's draft law "On the Prevention of Money Laundering and Terrorist Financing." The meeting forms part of Albania's broader effort to harmonize its legal framework with European Union legislation under Chapter 4, "Free Movement of Capital," Section 4.3, "Fight Against Money Laundering and Terrorist Financing."
The draft law aims to fully align Albanian anti-money laundering and counter-terrorist financing (AML/CTF) legislation with the EU's new AML/CTF package. Civil society representatives assessed the draft as a significant achievement toward strengthening Albania's national AML/CTF system and advancing the country's European integration process. During discussions, participants presented recommendations to enhance the legal and institutional framework, including improved verification and transparency of beneficial ownership, enhanced data quality in relevant registers, strengthened supervision and inter-institutional cooperation mechanisms, and expanded civil society involvement in monitoring AML/CTF measure implementation.
The Financial Intelligence Agency is incorporating civil society perspectives and recommendations into the drafting process to strengthen the transparency and enforceability of the legislation. The draft law has been published for public consultation. Civil society engagement in this consultative process reflects Albania's commitment to developing comprehensive AML/CTF protections through inclusive stakeholder participation.
REFERENCES:
Financial Intelligence Agency (Albania). Consultative Meeting with Civil Society Representatives on the AML/CTF Draft Law. Available at: [source URL]
Consultative Meeting with Civil Society Representatives on the AML/CFT Draft Law – Financial Intelligence Agency Consultative Meeting with Civil Society Representatives on the AML/CFT Draft Law The Financial Intelligence Agency organized a consultative meeting with representatives of civil society at the premises of the Institute for Democracy and Mediation (IDM), within the framework of the process of harmonizing Albania’s legal framework with European Union legislation in the field of anti-money laundering and counter-terrorist financing. During the meeting, participants discussed the new draft law “On the Prevention of Money Laundering and Terrorist Financing,” prepared under Chapter 4, “Free Movement of Capital,” Section 4.3, “Fight Against Money Laundering and Terrorist Financing.” The draft law has been published for public consultation and aims to fully align Albanian legislation with the European Union’s new anti-money laundering package. The consultation sought to incorporate the perspectives and recommendations of civil society into the drafting process, with the objective of strengthening the transparency and enforceability of the legislation. Civil society representatives assessed the draft law as a significant achievement toward strengthening the national system for preventing money laundering and terrorist financing, as well as an important step in Albania’s European integration process. During the discussions, they also presented a number of recommendations aimed at further strengthening the legal and institutional framework, with particular emphasis on the verification and transparency of beneficial ownership, improving the quality of data in relevant registers, strengthening supervision and inter-institutional cooperation mechanisms, and expanding the role of civil society in monitoring the implementation of anti-money laundering measures.