BCSDN member Partners Albania prepared a comparative analysis of the legal and regulatory framework on counter-terrorist financing and anti-money laundering affecting non-profit organizations (NPOs) in Albania with the standards of FATF Recommendation 8 and its Interpretive Note. The legal and institutional assessment is established on the existing legislation related to AML and CFT, and NPOs. The legislation assessed or referred includes not only the laws approved by the Albanian Parliament but also the main related secondary legislation, such as decisions of Council of Ministers, instructions of Ministers, regulations of Bank of Albania, acts of AML authority, etc. The Report encompasses the analysis, the findings, and recommendations, following the structure of FATF Recommendation 8 “Non- profit Organizations”. The assessment is related to the organizations falling within the definition of NPOs as defined by Law no.8788 “On Non-Profit Organisations”. Read more here.
Source: Partners Albania for Change and Development