Money Laundering Feeds Dangerous Housing Market Bubble in Albania
Exit Staff , 20 May 2021
Between €300-700 million in dirty money enters Albania each year, according to an estimate by the Global Initiative Against Transnational Crime Initiative (GIATOC).
In Wednesday’s “In a Few Words” show on Euronews, Neritan Sejami focused on money laundering in the construction sector in Albania. Dirty money entering the country has three main sources: criminal activities, corruption and tax fraud. In the last 3 years, an estimated €1.6 billion was laundered through the construction sector in Albania. Continue reading “Article: Money Laundering Feeds Dangerous Housing Market Bubble in Albania”
