Albania's Ministry of Finance reported that Finance Minister Petrit Malaj, speaking at the Albania-Israel Cyber Security Summit, said protecting the integrity of public financial systems has become a strategic national priority linked to public trust, transparency and economic stability. He also reiterated the government's commitment to strengthen the legal and institutional framework for combating money laundering and terrorist financing and to build more secure, transparent and resilient financial systems through international cooperation. The speech highlighted Albania's progress in modernising public finance administration, including almost complete digitalisation of financial processes, greater interoperability of electronic systems, and improved efficiency, control and transparency in managing public revenues and expenditure. According to the ministry's account, these investments have reduced costs, increased formalisation of the economy and strengthened information exchange, while cooperation with international partners was presented as important for aligning Albanian standards with advanced international practices, with Israel's experience in cyber security and data protection cited as a useful model.
Ministry of Finance (Albania) 2026-05-12
Albania's Ministry of Finance highlights near complete digitalisation of public finance processes and renewed anti-money laundering focus at cyber security summit
Albania’s Finance Minister Petrit Malaj told the Albania-Israel Cyber Security Summit that protecting public financial systems is a strategic national priority and reaffirmed the government’s commitment to strengthening the legal and institutional framework against money laundering and terrorist financing. He cited progress in modernising public finance administration through digitalisation, interoperability and efficiency, and stressed international cooperation, including using Israel’s cyber security and data protection experience, to build more secure and transparent financial systems.