Algeria’s Anti-Money Laundering Law

Algeria has enacted strong measures to combat money laundering and the financing of terrorism in Law No. 05-01 for the Prevention of and Combating Money Laundering and the Financing of Terrorism. The Law provides for institutional and judicial cooperation with the Algerian Financial Intelligence Unit (CTRF), and it contains significant penal provisions.

The following questions have been addressed in this article:

Have there been incidents of money laundering despite the statute?
What provisions are there for cross-border cooperation?
How strict are enforcement methods?

Continue...

Facebook Twitter RSS