DOI: 10.5176/2251-2853_2.1.51
Authors: Agathi Nano
Abstract:
Money Laundering and Financing Terrorism are expanding phenomena and increasingly international. Occurring in any country in the world, especially those with complex and/or fragile financial systems, favored, even by the use of more and more sophisticated technologies, allowing the offenders to find suitable terrain to realize these criminal activities.
The international character of money laundering and financing terrorism implies the need to undertake international efforts, to gain the necessary knowledge about these problems and to adopt the most effective strategy to combat, prevent and prosecute these phenomena.
Consequently, this paper provides a comparative analysis of anti-money laundering and financing terrorism legislation between Albania and Italy, emphasizing the differences and similarities between the relevant legal and institutional framework and taking into account that the countermeasures adopted by each country solely at national level, would result ineffective.
Keywords: Albania, Italy, Money-Laundering and Financing of Terrorism, Financial Intelligent Units
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