| Description |
1 online resource (554 pages) |
| Series |
IMF country report ; no. 11/187 |
|
IMF country report ; no. 11/187.
|
| Contents |
Cover; Contents; Acronyms; Preface; Executive Summary; 1. GENERAL; 1.1. General Information on [Country]; 1.2. General Situation of Money Laundering and Financing of Terrorism; 1.3. Overview of the Financial Sector; 1.4. Overview of the DNFBP Sector; 1.5. Overview of Strategy to Prevent Money Laundering and Terrorist Financing; 2. LEGAL SYSTEM AND RELATED INSTITUTIONAL MEASURES; 2.1. Criminalization of Money Laundering (R.1 -- rated PC and R.2 rated LC in the 2006 MER); 2.1.1 Description and Analysis; 2.2 Criminalization of Terrorist Financing (SR. II rated as PC in 2006 MER) |
|
2.2.1 Description and Analysis2.5. The Financial Intelligence Unit and its Functions (R.26 -- rated PC in the 2006 MER); 2.5.1. Description and Analysis; 2.6. Law enforcement, prosecution, and other competent authorities-the framework for the investigation and prosecution of offenses, and for confiscation and freezing (R.27 and 28 -- rated PC in the 2006 MER); 2.6.1. Description and Analysis; 2.6.2. Recommendations and Comments; 2.7. Cross-Border Declaration or Disclosure (SR.IX -- rated PC in the 2006 MER); 2.7.1. Description and Analysis; 2.7.2. Recommendations and Comments |
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2.7.3. Compliance with Special Recommendation IX3. PREVENTIVE MEASURES-FINANCIAL INSTITUTIONS; 3.1. Risk of Money Laundering or Terrorist Financing; 3.2. Customer due diligence, including enhanced or reduced measures (R.5 to 8); 3.2.1. Description and Analysis; 3.2.2. Recommendations and Comments; 3.2.3. Compliance with Recommendations 5 to 8; 3.3. Third Parties and Introduced Business (R 9 -- rated N/A in the 2006 MER); 3.3.1. Description and Analysis; 3.3.2. Recommendations and Comments; 3.3.3. Compliance with Recommendation 9 |
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3.4. Financial Institution Secrecy or Confidentiality (R.4- rated C in the 2006 MER)3.4.1. Description and Analysis; 3.4.2. Recommendations and Comments; 3.4.3. Compliance with Recommendation 4; 3.5. Record Keeping and Wire Transfer Rules (R.10 & SR.VII); Record-keeping and wire transfer rules (R.10-rated PC & SR.VII-rated NC in the 2006 MER); 3.5.1. Description and Analysis; 3.5.2. Recommendations and Comments; 3.5.3. Compliance with Recommendation 10 and Special Recommendation VII; 3.6. Monitoring of Transactions and Relationships (R.11 and 21); 3.6.1. Description and Analysis |
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3.6.2. Recommendations and Comments3.6.3. Compliance with Recommendations 11 & 21; 3.7. Suspicious Transaction Reports and Other Reporting (R.13-14, 19, 25 and SR.IV); 3.7.1. Description and Analysis; 3.7.2. Recommendations and Comments; 3.7.3. Compliance with Recommendations 13, 14, 19 and 25 (criteria 25.2), and Special Recommendation IV; 3.8. Internal Controls, Compliance, Audit, and Foreign Branches (R.15 & 22); 3.8.1. Description and Analysis; 3.8.2. Recommendations and Comments; 3.9. Shell Banks (R.18); 3.9.1. Description and Analysis; 3.9.2. Recommendations and Comments |
| Summary |
In this study, antimoney laundering and counterterrorist financing measures (AML/CFT) were summarized. The measures taken to strengthen the financing system are analyzed. Albania's level of compliance with financial action task force (FATF) is assessed. Legal systems and related institutional measures are also explained. The preventive measures for financial institutions and nonfinancial businesses have also been ascribed. Finally, national and international cooperation has been discussed. The relevant issues related to AML/CFT measures have been analyzed in this paper |
| Notes |
"July 2011." |
|
Online resource; title from PDF title page (IMF Web site, viewed December 19, 2011) |
| Subject |
International Monetary Fund -- Albania
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
Money laundering -- Albania -- Prevention
|
|
Terrorism -- Albania -- Prevention
|
|
Money laundering -- Prevention
|
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Terrorism -- Prevention
|
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Albania
|
| Form |
Electronic book
|
| Author |
International Monetary Fund. Legal Department.
|
| ISBN |
9781462354689 |
|
1462354688 |
|
9781462345601 |
|
1462345603 |
|
