Albania launches EUR 1.5mn project to tackle money laundering.

By bne IntelliNews June 24, 2011
Albanias Financial Intelligence Unit (FIU) has launched a EUR 1.5mn twinning project to tackle money laundering in the country, the EU delegation in Tirana informed. The project is funded by the EU and will be implemented in cooperation with the Spanish Institute of Fiscal Studies and the Bulgarian Financial Intelligence Department. Foreign experts will assist Albanian authorities in investigation and prosecution techniques of money laundering, in the confiscation and administration of assets of crime and in effective coordination between law enforcement agencies. The project will be completed within 24 months. The EU has already allocated EUR 1.3mn to support FIUs professional capacities and EUR 0.3mn to develop FIUs analytical software to improve case management and information gathering.

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