On April 16–17, 2025, in cooperation with the European Union through the EU4LEA2 project, co-financed by the German Government, the Financial Intelligence Agency (FIA) organized simulation exercises related to Immediate Outcome 4: “Supervision of the Designated Non-Financial Business and Professions (DNFBPs) sector.”
The implementation of these simulation exercises plays a crucial role in strengthening the capacity of authorities responsible for licensing and supervising the private sector. This comes in the context of Albania’s sixth evaluation round by the Moneyval Committee.
During both days of the simulation exercises, licensing and supervisory authorities such as the Ministry of Justice, the Public Oversight Board, the Gambling Supervision Authority, and the Albanian Bar Association assessed and practiced measures within the framework of anti-money laundering (AML) and countering the financing of terrorism (CFT), including:
- The licensing process and ongoing compliance of activities within the scope of their operations;
- The supervision process, focusing on risk-based supervision;
- Raising awareness through training programs for licensed entities.
These simulation exercises also involved the private sector entities subject to AML/CFT obligations, such as notaries, real estate agents, casinos, auditors, and certified accountants, all of which are considered reporting entities under Law no. 9917/2008, “On the prevention of money laundering and terrorist financing.”
The FIA will continue to organize further simulation exercises with the aim of strengthening both the public and private sectors in implementing preventive measures against money laundering and terrorist financing.
