Albania in the money laundering map
08/03/2012 00:00
The Washington Agreement Must Be Reactivated! 06/01 19:04
The US State Department includes Albania in the black list of suspected
countries for money laundering. In the report about the strategy and
control of narcotic-traffic, the US administration ranks Albania among
the countries with concerning jurisdiction, same as Belgium, Czech
Republic, North and Southern Korea, Syria and Yemen.
In this year’s report, the US state department has added even the Holy See, which has put Vatican in difficulties. The first category is that of “Jurisdiction of Primary Concern”, in which are included Afghanistan, Australia, Brazil, China, Japan, Italy, Russia, Great Britain and the US.
The US State Department report has put the Holy See in a difficult position. One of the State Department officials who demanded to remain anonymous explained that Vatican has implemented a program against money laundering, but an entire year is needed for understanding if it is efficient or not.
For this reason, this problem remains very vulnerable, due to the big quantity of money that circulates between the Holy See and the rest of the world. Each year, the US officials of money laundering agencies evaluate the situation for 200 jurisdictions.
The review includes the evaluation of transactions in the financial institutions of the countries, including the incomes of crime, the steps taken or not for addressing to violations and money laundering, the accordance of laws and policies with the international standards, the effectiveness of the government and political will for taking the necessary steps.
The report of 2012 makes a division in three categories, Jurisdictions of Primary Concern, Jurisdictions of Concern and Other Observed Jurisdictions.
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