Office of The Prime Minister of Albania
The Office of the Prime Minister of Albania oversees the country's executive functions and policies. It plays a crucial role in governance and is responsible for ensuring transparency and accountability within the government. As a politically exposed person (PEP) authority, it publishes lists that identify key officials and their affiliations. Monitoring these pep lists is essential for mitigating risks in financial transactions and ensuring adherence to anti-money laundering regulations.
1 List
| List Name | Records |
|---|---|
Ministers of the Government of AlbaniaMinisters of the government of Albania, both current and former, have held significant positions within the government. These individuals are considered politically exposed persons (PEPs) due to their influential roles in public service. | 35 |
FAQs
Why is it necessary to identify PEPs published by Office of The Prime Minister?
Identifying politically exposed persons (PEPs) associated with the office of the Prime Minister is essential for maintaining transparency and integrity in governance. these individuals often hold significant power and influence, making them susceptible to corruption and unethical practices. By recognizing PEPs, financial institutions and organizations can implement stringent due diligence measures to mitigate risks related to money laundering and illicit activities. this proactive approach not only upholds regulatory compliance but also fosters public trust in government processes and decision-making.
Which companies should identify and flag PEPs in the Office of the Prime Minister of Albania?
Companies operating in sectors such as finance, real estate, construction, and government contracting in Albania must comply with regulations related to politically exposed persons (PEPs) associated with the office of the prime minister. This compliance is crucial to mitigate risks related to corruption, money laundering, and reputational damage, ensuring transparency and integrity in business dealings with PEPs.
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