The Role of Compliance in Preventing Corporate Criminal Liability in Albania
The Role of Compliance in Preventing Corporate Criminal Liability in Albania

Author(s): Xhei Celiku, Elena Filip
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Corporate criminal liability; Compliance policies; Prevention tools
Summary/Abstract: Recent years have seen digital transformation and market globalization significantly impact the nature of crime, leading to a rise in economic crime and increased involvement of legal entities in these activities. To address and reduce these forms of misconduct, many organizations are investing resources in developing risk management strategies and implementing strong compliance programs, which act as safeguards against corporate criminal liability. Currently, criminal compliance is gaining increasing importance in corporate governance policies, serving as an internal prevention tool to avoid involvement in crimes, financial sanctions, or other unlawful situations that could damage the company’s reputation and destabilize its market position. In Albania, a thorough legal framework exists to deter and penalize criminal conduct among corporations. In conjunction with governmental initiatives and regulations, Albanian enterprises, motivated by international corporate governance practices, are increasingly emphasizing the establishment of compliance programs to mitigate the risk of potential corporate criminal liability.

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