The Financial Intelligence Agency held a consultative meeting with representatives of the Albanian Foreign Exchange Association (AFEA) as part of the process of aligning Albania’s legal framework with the European Union acquis in the field of anti-money laundering and counter-terrorist financing (AML/CFT). The meeting focused on strengthening dialogue and cooperation with the foreign exchange sector, an important partner in the effective implementation of national and European standards in this area.

During the meeting, participants were presented with and discussed the provisions of the new draft Law “On the Prevention of Money Laundering and Terrorist Financing”, prepared within the framework of Chapter 4 “Free Movement of Capital”, Section 4.3 “Fight against Money Laundering and Terrorist Financing”.

The draft law aims to enhance the alignment of Albanian legislation with the European Union’s 6th Anti-Money Laundering Package, covering the prevention of money laundering, terrorist financing, and the financing of the proliferation of weapons of mass destruction.

Discussions focused on the practical challenges of implementing the legal requirements, as well as the importance of cooperation between public authorities and the foreign exchange sector in strengthening the national anti-money laundering and counter-terrorist financing framework.

The Financial Intelligence Agency acknowledged the contribution of the private sector and reaffirmed its commitment to continuing consultations with stakeholders, with the aim of developing an effective legal framework fully aligned with European Union standards.