The Basel Index is an independent annual ranking, and mean of evaluation, on the dangers posed by money laundering and terrorist funding.
In a list of 110 countries, Albania ranked 72, with an overall score of 5.72 points (0 = low risk to 10 = high risk), dropping 28 spots from last year.
Albania scored lower on financial transparency, followed by corruption and bribe.
The Basel Index highlighted that Albania is one of the countries on the gray list of the Task Force for Financial Action.
Last February, Albania was once again placed on the gray list for money laundering, after it was removed in 2015.
Klodian Muço, an expert in economy, said that the main sectors affected are construction, agriculture and tourism.
“In the last couple of years, we see that the situation has deteriotated, due to corruption and organized crime. Ties between organized crime groups and the public administration have become more solid”, said the expert.
YOU MIGHT ALSO LIKE
