The General Directory of Money Laundering and the Authority of Financial Supervisory signed a cooperation memorandum for a closer cooperation in the fight against money laundering activities in the country. Based on this agreement signed on May 8th, the General Directory of Money Laundering will supervise and control the insurance market in Albania through three main components.
The first mean will be the exchange of information starting from the first procedures followed by subjects that become part of the insurance market in Albania, the licensing process. New and old subjects ‘activities will be supervised by the officials of this directory. The second component defined in the agreement relates to joint inspections between the two above mentioned institutions, through joint inspection plans and campaigns. The third component relates to the joint trainings and the close cooperation between the staffs of the General Directory of Money Laundering and the Authority of Financial Supervisory.
The complex nature of money laundering dictates a dimensional approach and close cooperation with specialized institutions in various fields, declared the Director of the General Directory of Money Laundering, Gent Gazheli.
News source: Shqiptarja.com
Photo credits: Scott Nazelrod (Wikimedia)