Anti Money Laundering and Combating the Financing Terrorism Comparative analysis between Albanian and Italian Legislation

Abstract

Money Laundering and Financing Terrorism are expanding
phenomena and increasingly international.
Occurring in any country in the world, especially those with
complex and/or fragile financial systems, favored, even by the use
of more and more sophisticated technologies, allowing the
offenders to find suitable terrain to realize these criminal
activities.
The international character of money laundering and
financing terrorism implies the need to undertake international
efforts, to gain the necessary knowledge about these problems
and to adopt the most effective strategy to combat, prevent and
prosecute these phenomena.
Consequently, this paper provides a comparative analysis of
anti-money laundering and financing terrorism legislation
between Albania and Italy, emphasizing the differences and
similarities between the relevant legal and institutional
framework and taking into account that the countermeasures
adopted by each country solely at national level, would result
ineffective.