Sanctions against NGOs involved in money laundering - Taxes publish guidelines for their protection from possible misuse
Non-profit organizations are considered a sector with high potential for abuse, or misuse for the purpose of financing terrorism with or without their knowledge.
For this reason, in order to meet the demands of internationals, as well as to protect them from possible abuses, the General Directorate of Taxes has published two guides, which explain the obligations imposed by the resolutions of the United Nations Security Council, and will help in identifying risks.
Severe financial sanctions are foreseen against persons and entities suspected of supporting terrorism and the proliferation of weapons of mass destruction.
Some of the sanctions include asset freezes, restrictions on services and operations offered by financial markets and institutions, or instructions to terminate any business relationship.
The UN decides on financial sanctions and requires member states to implement them through resolutions adopted by the Security Council.
Sanctions are generally imposed on a country's government, individuals, or entities declared terrorists and financiers of terrorism, or those involved in the proliferation of weapons of mass destruction or their financing.
These measures are imposed with the aim of denying them access to financial and economic resources, which they could use for malicious purposes.
On the other hand, Albania has complete legislation in place to implement restrictive measures, which is in line with international recommendations.
For these violations, the Albanian state foresees the imposition of administrative measures of up to 10 million lek, the seizure of properties, and more.
Poll
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