FATF Honors Algeria in Evening
The Financial Action Task Force (FATF) announced that Algeria has been removed from its "gray list" of jurisdictions under monitoring for judicial authorities, following significant progress in combating money laundering and terrorist financing. This decision came after Algeria completed its action plan and implemented new measures, including risk assessment, strengthening the suspicious transaction reporting system, and establishing an effective legal framework for sanctions. The Algerian delegation, led by the Minister of Finance, attended the meeting, highlighting the strategic importance of the financial sector in the country.
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