Support the Financial Intelligence Unit in transposing EU acquis on prevention of money laundering and terrorist financing under EU Negotiating Chapter 4

Country: 
Albania
Category: 
Good Governance
Donor agency: 
GIZ Albania
Lead Partner: 
EuroPartners
Detailed description of the project: 

The overall objective of the project is to support the Financial Intelligence Unit and relevant Albanian institutions in fully aligning and operationalising Albania’s regulatory framework on the prevention of money laundering and terrorist financing with the EU AML regulatory package (Regulation (EU) 2024/1624, Directive (EU) 2024/1640 and Regulation (EU) 2023/1113).

The specific objectives:

  1. To prepare, in close cooperation with FIU, a comprehensive Preliminary Assessment Package (Legal Gap Analysis/ToCs and preliminary RIAs) that defines the rationale, regulatory options and expected financial/budgetary, economic, social/gender and environmental impacts of the AML/CFT initiative in line with the relevant EU acquis and Albanian legal framework.
  2. To develop a coherent Regulatory Initiative Package aligning Albanian AML/CFT legal and sub-legal acts with Directive (EU) 2024/1640, Regulation (EU) 2024/1624 and Regulation (EU) 2023/1113, integrating FATF and MONEYVAL recommendations and supporting consultations and coordination with relevant stakeholders.