Moneyval releases second follow-up report on Albania’s FATF standards

Money Laundering Regulations 2017 time limit for trust registration extended
The Ongoing Fight Against Modern Slavery

Following the 2018 FATF Mutual Evaluation Report on Albania, Moneyval has released its second follow-up report, which highlights that very limited progress has been made in Albania towards fully implementing FATF standards. Albania will remain in enhanced follow-up and will continue to report back to Moneyval, with the next report to the Plenary due within one year. Financial Institutions should take the opportunity to review their Country Risk Rating for Albania in light of this development.

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