ALBANIA

BY KEITH NUTHALL
ALBANIA has ratified the Council of Europe's Convention on Money Laundering, imposing a duty on this poverty-stricken Balkan country to establish laws allowing the seizure of the proceeds of crime, even if these offences were committed abroad. The convention commits the Albanian authorities to cooperating with other signatory states on tracking down laundered money and freezing bank accounts where it is held. Other commitments cover investigative assistance, the lifting of bank secrecy, and the forwarding of unsolicited information to ...


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