Financial Intelligence Agency

Training with reporting entities

On July 03  2024, the Financial Intelligence Agency (FIA) organized in cooperation with the Financial Supervision Authority (FSA) a training session on anti-money laundering and countering the financing of terrorism (AML/CFT), for the representatives of the compliance units  of the reporting entities of law no. 9917/2008 “On the prevention of money laundering and financing of terrorism” as amended.

The main themes of this activity consisted of the National ML/FT Risk Assessment, the implementation of international sanctions related to terrorism financing, the preparation for the 6th round of Albania’s assessment by the Moneyval Committee of the Council of Europe, typologies  involving complex transactions regarding money laundering, AML/CFT legislation, FIA’s  supervisory expectations, individual AML/CFT risk assessment by the reporting entities, aspects for improving the reporting to FIA as well as the role of internal audit in the implementation of legal obligations.

FIA will continue its proactive approach in engaging with the FSA, in order to increase preventive capacities of the reporting entities as well as further strengthening the integrity of the economic and financial system in the Republic of Albania.