BANK OF ALBANIA
Decisions by the Supervisory Council, 18 December 2019
Publication date: 18.12.2019
On 18 December 2019, in addition to the decision to keep the policy rate unchanged, at 1.0%, as well as overnight deposit and overnight loan rates at the Bank of Albania, at 0.1% and 1.9%, respectively, the Supervisory Council of the Bank of Albania reviewed and decided to:
- Approve the package for strengthening measures on Anti-Money Laundering and the Financing of Terrorism
The package consists in amendments to: the Regulation “On prevention of money laundering and terrorism financing”; the Regulation “On the consolidated supervision”; and the Regulation “On supervision of electronic banking transactions”.
The amendments to these regulations aim at ensuring consistency with the new and amended provisions of the Law 9917/2008 “On prevention of money laundering and terrorism financing”. They also add to the package of regulatory amendments in the framework of Bank of Albania's commitments to implement the recommendations left by the MONEYVAL - Committee of Experts in the framework of the fifth evaluation round for Albania.
The Supervisory Council reviewed additional information related to the daily operational and functional activity of the Bank of Albania.