Development of Internal Controls in Small and Medium
Keywords: activities, information and communication, monitoring. Internal control, control environment, JEL: risk M40, management, M41 control
Use Technology for Compliance Management – Automate reporting and record-keeping. Corporate governance and compliance in Albania require a proactive approach, given the evolving legal landscape. Businesses must stay informed about regulatory updates, implement robust internal controls, and seek expert legal guidance to mitigate risks.
Starting in 2026, all new and renovated buildings in Albania will need to comply with minimum energy performance requirements and use renewable energy to reduce greenhouse gas emissions.
National Business Center (QKB) – Handles company registrations and filings. – Albanian Financial Supervisory Authority (AFSA) – Regulates capital markets and publicly traded companies. – General Directorate for the Prevention of Money Laundering (GDPML) – Enforces AML/CFT regulations.
Companies processing personal data must appoint a Data Protection Officer (if required). – Data breaches must be reported to the Albanian Information and Data Protection Commissioner. – Ministry of Finance and Economy – Oversees corporate governance and financial regulations.
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