The Government of Albania has proposed a stringent AML (Anti-Money Laundering) law before legalizing gambling. The 'draft law' is currently being reviewed by the Albanian government to end the five-year ban on sports betting and online casino games.
The Albanian government banned all gambling activities outside state-run casinos in 2018. But late last year, the country’s Prime Minister, Edi Rama, announced that the blanket ban would be lifted because organized crime was still rampant.
The proposed law, created by the Ministry of Finance and Economy, intends to set up a controlled online gambling sector run by regulated online casinos and sportsbooks. If approved, the operators must observe stringent AML and consumer compliance regulations.
As for land-based casinos, they must set aside 0.4% of their yearly earnings into the fund and pay a 15% corporate income tax. The National Lottery will also contribute 5.4% of its annual turnover to the same fund.
Before the restriction, over 4 470 gambling companies were operating throughout the nation. Thankfully, the 'draft law' doesn't specify the number of licenses the government can issue or the number of player accounts created at licensed online casinos.