Regulatory Compliance in Albania: Navigating Banking, AML, and Financial Regulations
– Reporting obligations and regulatory investigations – Best practices for maintaining compliance 1. Albanian Banking and Financial RegulationsAlbania’s financial sector is primarily regulated by:– The Bank of Albania (BoA) – Central bank overseeing monetary policy and banking supervision.– The Financial Supervisory Authority (FSA) – Regulates non-bank financial institutions (insurance, securities, pensions).– Law No. 9662/2006 “On Banks […]
