Last update: Saturday, May 25, 2019

Financial transactions suspected for Money Laundering 2013

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Open Data Albania has updated data for 2013, regarding the cases of reporting and controlling of transactions with a suspicious financial source. During this year 34% of suspicious cases for money laundering are related to money transfers. 189 transfers are suspected to be involved with money laundering activity.

"Cash deposits in considerable amounts" with 96 suspicious cases is another category of typology, "Operations outside the profile of the customer" 60 cases, "Use of individual account for business purposes" 44 cases, "Acquisition of immovable property with funds whose source is unknown" etc. 29 cases. What can be noticed in 2013 is the emergence of the typology "Actions from persons suspected for involvement in criminal activity".


Source: GDPML (General Directorate for Prevention of Money Laundering)
Comments and analysis: ODA


In the 2010-2013 time frame the number of total cases reported for suspicious activity has increased from 211 to 558, so there has been an increase of 2.64 times. In 2013, unlike previous years 2010 ? 2012, it hasn?t been reported any transaction of the typology "Politically Exposed Person involvement in the transactions" or "Acquisition of movable property with funds whose source is unknown?.

Suspicious Activity Reports? typologies 2010-2013



Source: GDPML (General Directorate for Prevention of Money Laundering)
Comments and analysis: ODA

Suspicious transactions are reported by entities that have the obligation to identify transactions to be inspected. Subjects reporting suspicious activity for money laundering are: Banking Institutions; General Directorate of Customs; General Directorate of Taxation; Notary Offices; Money Transfer Companies; Central Office of Registration of Real Estate; Foreign Exchange Offices; Leasing Companies etc. The year with more cases of suspicious financial activity is year 2007 with 748 cases reported.



Source: GDPML (General Directorate for Prevention of Money Laundering)
Comments and analysis: ODA

In 2013, 248 out of 558 suspicious cases reported for money laundering have been estimated to contain elements that constitute criminal offense. These cases were referred to the criminal investigation structures as the General Directorate of the State Police. While other 35 cases, were referred directly to the economic crime office.

Suspicious cases reported to the General Directorate of the State Police and Prosecution 2009-2013


Source: GDPML (General Directorate for Prevention of Money Laundering)
Comments and analysis: ODA

The majority of suspicious cases have been reported from the second level banks. In recent years there has been an uptrend in the reported cases from subjects that have obligation by law to report suspicious cases. If in 2008 there were 142 cases reported by banks and 5 cases by the General Directorate of Customs, in 2013 Banks have reported 420 cases and Customs 36 cases. So, there is an increase of 3.67 times of more cases reported during the period of 6 years.

Reports of suspicious activity for money laundering reported by subjects 2008-2013


Source: GDPML (General Directorate for Prevention of Money Laundering)
Comments and analysis: ODA



Source: GDPML (General Directorate for Prevention of Money Laundering)
Comments and analysis: ODA

In the past three years the number of administrative measures taken against reporting subjects has decreased. In 2011, 26 administrative measures were taken while in 2012 22 measures were taken. In 2013, 13 administrative measures were taken based on the violations of not reported cases found by the General Directorate for Prevention of Money Laundering. From these measures, 6 of them were directed to foreign exchange offices, 5 to notaries and 2 of them to banks. Total value of fines for these subjects marks the value of fifteen million nine hundred thousand ALL.

Administrative Measures for  violations by subjects in 2013


Source: GDPML (General Directorate for Prevention of Money Laundering)
Comments and analysis: ODA




Excel datasets : XML, N3 datasets :
    Contributer: Griselda Rruci
    Translated by: Viola Qefalia
    Edited by: ODA