Xhei Γeliku
Elena Filip
- University of Tirana, Faculty of Law, Rruga βMilto Tutulaniβ, 1019, Albania
Abstract:
Recent years have seen digital transformation and market globaliza¬tion 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 compli¬ance 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 companyβs 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 pracΒ¬tices, are increasingly emphasizing the establishment of compliance programs to mitigate the risk of potential corporate criminal liability.
Tenth International Scientific-Business Conference LIMEN Leadership, Innovation, Management and Economics: Integrated Politics of Research - LIMEN 2024 - International Scientific-Business Conference β LIMEN 2024: Vol 10. Conference Proceedings , December 5, 2024
Conference Proceedings published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia
ISBN: 9788680194929 , ISSN: 26836149 , DOI: 10.31410/LIMEN.2024
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