Investing in the construction sector is the main avenue through which criminals, seeking to legalize their activities, launder their ‘dirty money’ in Albania.
Although not old news, this bleak reality is beginning to be admitted by high public officials, like in the most recent case of the Chair of the Economic Crime at the Albanian State Police, Lutfi Minxhozi, who was invited to talk about this rising phenomenon on Euronews Albania’s weekly investigative documentary series ‘Unpublished’.
For some time now, organized crime groups in Albania have been focusing on the construction industry and the many legal loopholes that come with it, as a way to legalize their ongoing criminal activities.
Representatives from the Bank of Albania confirm for ‘Unpublished’ that our country poses a greater risk when it comes to money laundering practices. Albania is currently classified as a gray-list country, in regards to this sort of criminal activity.
According to official reports from the Directory of Economic Crime at the State Police, from 2013-2020, a total of around €320 million euros, earned through criminal activities, have been seized during police busts.
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