Algeria

Related publications

12 Jul 2023

Mutual Evaluation of Algeria The Mutual Evaluation Report presents a comprehensive review of the effectiveness of the country's AML/CFT system and its level of compliance with the FATF 40 Recommendations as at the time of the on-site visit from 24 July to 10 August 2022.
19 Feb 2016

Outcomes of the Plenary meeting of the FATF, Paris, 17-19 February 2016 Terrorist financing remained the top priority for the FATF, during its third Plenary meeting under the Korean Presidency. Other issues the FATF Plenary discussed include the AML/CFT improvements in Algeria, Angola and Panama and the Guidance on the Risk-Based Approach for Money or Value Transfer Services. The FATF issued a statement concerning Brazil's continued failure to address the serious deficiencies identified in its mutual evaluation reports. FATF welcomed Malaysia as a member and Israel as an observer.
19 Feb 2016

Improving Global AML/CFT Compliance: on-going process – 19 February 2016 The FATF recognised that Algeria, Angola and Panama have made significant progress in improving their regimes to combat money laundering and terrorist financing and will therefore no longer be subject to the FATF’s monitoring process.The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
23 Oct 2015

Improving Global AML/CFT Compliance: on-going process – 23 October 2015 The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. The FATF recognised that Indonesia has made significant progress in improving their AML/CFT regime and will therefore no longer be subject to the FATF’s monitoring process.
26 Jun 2015

FATF Public Statement - 26 June 2015 The FATF has updated its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures. FATF calls on countries to apply counter-measures to Iran and the Democratic People's Republic of Korea. FATF also calls its members to consider the risks emanating from Algeria and Myanmar.
27 Feb 2015

FATF Public Statement - 27 February 2015 The FATF has updated its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures. FATF calls on countries to apply counter-measures to Iran and the Democratic People's Republic of Korea. FATF also calls its members to consider the risks emanating from Algeria, Ecuador and Myanmar.
24 Oct 2014

Public Statement - 24 October 2014 The FATF has updated its public statement identifying jurisdictions with strategic deficiencies in anti money-laundering / countering the financing of terrorism measures. FATF calls on countries to apply counter-measures to Iran and the Democratic People's Republic of Korea. FATF also calls its members to consider the risks emanating from Algeria, Ecuador, Indonesia and Myanmar.
27 Jun 2014

FATF Public Statement - 27 June 2014 The FATF has updated its public statement issued in February 2014 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.
14 Feb 2014

FATF Public Statement - 14 February 2014 The FATF has updated its public statement issued in October 2013 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.
18 Oct 2013

FATF Public Statement, 18 October 2013 The FATF has updated its public statement issued in June 2013 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.
21 Jun 2013

Improving Global AML/CFT Compliance: On-going process - 21 June 2013 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
22 Feb 2013

Improving Global AML/CFT Compliance: On-going process - 22 February 2013 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
19 Oct 2012

Improving Global AML/CFT Compliance: on-going process - 19 October 2012 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
25 Jun 2012

Improving Global AML/CFT Compliance: on-going process - 22 June 2012 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
16 Feb 2012

Improving Global AML/CFT Compliance: on-going process - 16 February 2012 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
28 Oct 2011

Improving Global AML/CFT Compliance: on-going process - 28 October 2011 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
1 Dec 2010

Mutual Evaluation of Algeria Algeria is a member of MENAFATF, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT standards in Algeria was conducted by MENAFATF.

Member of

Ratings

Effectiveness

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

Benin Follow-Up Report 2023

IO1: LE
IO2: LE
IO3: LE
IO4: LE
IO5: LE
IO6: LE
IO7: LE
IO8: LE
IO9: LE
IO10: LE
IO11: LE

Technical Compliance

definition

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

C = compliant | LC = largely compliant | PC = partially compliant | NC = non-compliant

Benin Follow-Up Report 2023

R.1 - Assessing risk & applying risk-based approach: LC
R.2 - National cooperation and coordination: LC
R.3 - Money laundering offence: LC
R.4 - Confiscation and provisional measures: PC
R.5 - Terrorist financing offence: PC
R.6 - Targeted financial sanctions related to terrorism & terrorist financing: LC
R.7 - Targeted financial sanctions related to proliferation: LC
R.8 - Non-profit organisations: NC
R.9 - Financial institution secrecy laws: C
R.10 - Customer due diligence: PC
R.11 - Record keeping: LC
R.12 - Politically exposed persons: PC
R.13 - Correspondent banking: LC
R.14 - Money or value transfer services: PC
R.15 - New technologies: NC
R.16 - Wire transfers: PC
R.17 - Reliance on third parties: LC
R.18 - Internal controls and foreign branches and subsidiaries: LC
R.19 - Higher-risk countries: NC
R.20 - Reporting of suspicious transactions: PC
R.21 - Tipping-off and confidentiality: C
R.22 - DNFBPs: Customer due diligence: PC
R.23 - DNFBPs: Other measures: PC
R.24 - Transparency and beneficial ownership of legal persons: NC
R.25 - Transparency and beneficial ownership of legal arrangements: NC
R.26 - Regulation and supervision of financial institutions: PC
R.27 - Powers of supervisors: C
R.28 - Regulation and supervision of DNFBPs: NC
R.29 - Financial intelligence units: C
R.30 - Responsibilities of law enforcement and investigative authorities: C
R.31 - Powers of law enforcement and investigative authorities: C
R.32 - Cash couriers: PC
R.33 - Statistics: LC
R.34 - Guidance and feedback: PC
R.35- Sanctions: LC
R.36 - International instruments: LC
R.37 - Mutual legal assistance: C
R.38 - Mutual legal assistance: freezing and confiscation: LC
R.39 - Extradition: LC
R.40 - Other forms of international cooperation: LC