(ANSA) - STRASBOURG, 08 GIU - Albania has made progress on
the assistance it can offer other countries in freezing and
confiscating assets linked to money laundering and terrorist
financing crimes. The news appeared in the latest report
published by Moneyval, the Council of Europe body that assesses
states' anti-money laundering and anti-terrorist financing
measures. Moneyval determined that Albania has gone from
partially compliant to compliant in mutual legal assistance in
one year. Strasbourg also underlined that the country has also
made progress on measures to prevent the use of legal entities
for money laundering and terrorist financing and on the
regulation and supervision of financial institutions. In both
cases, Albania's rating went from "partially compliant" to
"largely compliant." So far, Tirana has achieved compliance with
seven recommendations received in July 2018, is "largely
compliant" with 29 others, and remains "partially compliant"
with four others. Strasbourg has therefore decided to keep the
country under "enhanced monitoring" and requested a new report
on measures that the government will have taken within two
years. (ANSA).
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