Banking system denies charges of money laundering

TIRANA, June 9 – The Albanian Association of Banks has denied that its members have been involved in any laundering of money following recent comments in the media.
The association said such comments are damaging and were distorting data from an annual report to parliament.
On the contrary, the association said the increase in cases of suspected money laundering investigations indicates the jump in collaborations the banks have had with government authorities in fighting this crime.
The Albanian Association of Banks is a not-for-profit association which promotes the most up-to-date banking standards of its member banks, the development, stability and efficiency of the Albanian banking system, in general, thereby contributing to the advancement of the Albanian economy.
AAB is a representative body that contributes to the creation of legislative proposals or technical committees on a national and international level.
The Albanian Association of Banks works for the increased value and prosperity of financial services, as well as to enhance the human resources potential within the Albanian banking market. The Association collaborates with the Bank of Albania, financial services authorities, and government and international European institutions to communicate and exchange ideas and different point of views.