The banking and finance sector in Albania operates under a well-defined legal framework, primarily regulated by the Bank of Albania (BoA) and aligned with EU standards. As Albania continues to integrate into global financial markets, businesses and investors must navigate complex regulations, compliance requirements, and financial transactions.
At Alba Legal, our expertise in Banking & Finance Law allows us to provide tailored legal solutions to banks, financial institutions, investors, and businesses operating in Albania.
Overview of Albania’s Banking & Finance Legal Framework
1. Regulatory Authorities
– Bank of Albania (BoA) – The central bank supervises monetary policy, banking operations, and financial stability.
– Financial Supervisory Authority (FSA) – Regulates non-bank financial institutions, insurance, and capital markets.
– Albanian Financial Intelligence Unit (AFIU) – Oversees anti-money laundering (AML) and counter-terrorism financing (CFT) compliance.
2. Key Legislation
– Banking Law (No. 9662/2006, as amended) – Governs licensing, operations, and supervision of banks.
– Payment Systems Law (No. 159/2020) – Regulates electronic payments, fintech, and digital banking.
– Anti-Money Laundering (AML) Law (No. 44/2019) – Aligns with FATF and EU directives.
– Foreign Exchange Regulations – Controls capital flows and foreign investments.
How Alba Legal Can Assist in Banking & Finance Matters
1. Licensing & Regulatory Compliance
– Assisting banks, fintech firms, and payment institutions in obtaining licenses from the BoA and FSA.
– Advising on AML/CFT compliance and risk management.
2. Financial Transactions & Loan Agreements
– Drafting and reviewing loan agreements, syndicated loans, and security documents .
– Structuring project finance and PPP (Public-Private Partnership) deals .
3. Banking Disputes & Litigation
– Representing clients in loan recovery, enforcement of collateral, and banking litigation .
– Handling fraud and financial regulatory investigations .
4. Fintech & Digital Banking
– Advising on e-money, cryptocurrency regulations, and blockchain-based financial services
– Assisting startups in navigating Albania’s evolving fintech landscape .
5. Foreign Investment & Cross-Border Finance
– Supporting foreign banks and investors in market entry, M&A, and capital requirements .
– Ensuring compliance with foreign exchange controls and international sanctions .
Why Choose Alba Legal?
Deep Regulatory Knowledge – Expertise in Albanian and EU financial laws. Multilingual & International Approach – Fluent in English, Italian, and Albanian for seamless cross-border transactions.
Proactive Legal Strategies – Focused on risk mitigation and efficient financial structuring.
Contact Us for Expert Legal Support
Whether you are a financial institution, investor, or business dealing with banking and finance regulations in Albania, Alba Legal provides reliable legal guidance. Let us help you navigate Albania’s financial legal landscape with confidence!
Disclaimer: This article is for informational purposes only and does not constitute legal advice.