The Albania Ministry of Finance reported that Finance Minister Petrit Malaj took part in the fifth international ministerial No Money for Terror conference in Paris and, after the event, reaffirmed Albania’s commitment to act as an active partner in global efforts against terrorist financing and to protect the integrity of financial systems. In that context, he said Albania is advancing anti money laundering and counter terrorist financing measures in line with international standards. The ministry said the country is investing in stronger institutional capacity, modernising financial monitoring systems, reinforcing financial intelligence analysis and expanding professional expertise in areas such as crypto assets and digital finance. It also said Albania is continuing to align its legal and regulatory framework with international and European Union standards. Conference discussions focused on preventing the misuse of cryptocurrencies and technological innovation, disrupting financial links between terrorism and transnational organised crime, and tackling financing strategies based on territorial control. The event concluded with a joint declaration in which members of the global FATF network and international partners reaffirmed commitments to strengthen action against terrorist financing, implement the International Convention for the Suppression of the Financing of Terrorism and relevant United Nations resolutions, and continue applying the Paris Agenda adopted in 2018.

Original source Back to tracker