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Legalization of gambling/ DASH: Weak oversight may allow crime to flourish

2025-03-21 19:47:00, Aktualitet CNA

Legalization of gambling/ DASH: Weak oversight may allow crime to flourish

The US Department of State's report on the International Narcotics Control Strategy identified weaknesses and methodologies for money laundering in Albania.

The report mentions the legalization of sports betting, a law about which the State Department says it raises concerns due to weak oversight, which could lead to the involvement of organized crime in sports betting.

“ Most money laundering in Albania is related to drug and human trafficking, government contract fraud, tax evasion, and smuggling. The largely cash-based economy, weak border controls, and weak customs enforcement facilitate a black market for smuggled goods. Money sent from abroad (remittances) and investments from abroad sometimes hide the sources of the funds. Criminals launder proceeds through real estate purchases, construction projects, virtual assets, and business development.

On February 15, 2024, parliament legalized sports betting, overturning a 2018 ban. The new law, which came into effect on March 27, 2024, legalizes sports betting only in an online environment and will grant 10 licenses to reputable companies. The new law raises concerns that weak oversight could allow organized crime to infiltrate the activity. Casino gambling is overseen by the Gambling Supervision Agency ,” the report said./ CNA





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