In December 2011 PACA project delivered the expert opinion concerning the recently drafted secondary AML/CFT legislation (Instruction no. 20 of the Ministry of Finance of Albania concerning the reporting methods and procedures of the obliged persons and entities under the Law on Prevention of Money Laundering and Terrorist Financing and Instruction no. 21 of the Ministry of Finance of Albania on reporting methods and procedures of designated non-financial professions) assessing and providing concrete recommendations on their conformity with Recommendation 5 of the Financial Action Task Force as well as their compliance with recommendations of the MONEYVAL Report on Fourth Assessment Visit.

• Technical Paper: ENG