Money laundering constitutes a specific form of financial crime that is intrinsically linked to organized crime. It is commonly understood as a highly complex process through which proceeds derived from criminal activity are concealed, transformed and subsequently integrated into the apparently lawful economy. This mechanism is not merely a consequence of organised crime, but rather one of the essential pillars that enables its survival, expansion and consolidation. The large-scale concealment of criminal assets through their injection into the formal economy produces serious adverse effects on financial transparency, fair competition and public security, while at the same time revealing the economic capacity and operational power of organised criminal structures. For this reason, every State considers money laundering a serious challenge, closely connected to the fight against organised crime and to the protection of the economic and legal order. In many countries, money laundering has evolved into a mechanism closely intertwined with the most sophisticated forms of organised crime, including drug trafficking, corruption, tax evasion, smuggling and trafficking in human beings. These criminal activities generate substantial illicit proceeds which subsequently need to be channelled into the legitimate financial system. The growing strength of organised crime, accompanied by the continuous process of money laundering, entails increased criminal activity, unlawful profits, corruption and impunity. States have adopted legislative measures initially defined under the Vienna Convention, the Palermo Convention and subsequently the Warsaw Convention, with a view to criminalizing the laundering of proceeds derived from organized crime and other criminal sources, tracing, seizing and confiscating illicit assets, including those used for the financing of terrorism, as well as introducing preventive and financial control measures. In Albania, these conventions constitute binding international legal guidance for anti-corruption bodies and for the investigation and adjudication of organized crime. They also form the basis for the implementation of domestic legislation, particularly Law No. 10192/2009 “On preventing and combating organized crime, trafficking and corruption through preventive measures against assets”, as amended, Law No. 9917/2008 “On the prevention of money laundering and terrorist financing”, as amended, Article 287 of the Criminal Code, the legislation on extradition and mutual legal assistance, as well as the cooperation of SPAK with international partners such as Europol, Interpol, Eurojust, MONEYVAL and others. A distinctive feature of this criminal offence is that criminal investigation may proceed independently, even where the investigation of the predicate or initial offence has not yet been completed. In Albania, money laundering is also linked to drug trafficking, trafficking in human beings, corruption, tax evasion and transnational organized crime. In recent years, increased legislative and institutional efforts have been undertaken to approximate domestic legislation with European Union directives. Nevertheless, tracing the financial chain behind criminal activities, effectively applying extended confiscation mechanisms, and strengthening inter-institutional cooperation and international coordination remain major challenges. In this context, this paper aims to analyses the criminal-law dimension of money laundering, its cross-cutting relationship with organized crime, as well as the legal and institutional indicators and preventive mechanisms designed to address it. The paper also examines the level of implementation of these mechanisms in Albania, in light of international instruments and assessments.
Genci GJONÇAJ (Fri,) studied this question.