COUNCIL OF EUROPE

BY KEITH NUTHALL
AN EXPERT commission established by the Council of Europe has made detailed recommendations about how to fight money laundering in three east European countries where criminals have exploited weak state structures to hide their illicit profits: Albania, Georgia and Moldova.

The Select Committee of Experts on the Evaluation of Anti-Money Laundering Measures' report on Albania concluded that the Balkans country was "vulnerable to money laundering, firstly at the placement stage, where controls on foreign exchange are very weak." ...


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