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Algeria AML CFT Activities

Over the past decades, Algeria has made important progress in its efforts to combat money laundering and financial crimes. The government has updated its criminal laws on terrorist financing and issued new guidelines for the Bank of Algeria and the Ministry of Finance’s Financial Intelligence Processing Unit (CTRF), Algeria’s financial intelligence unit (FIU).

The last Mutual Evaluation Report relating to the implementation of AML/CFT standards in Algeria was undertaken in 2023. According to that Evaluation, Algeria was deemed Compliant for 2 and Largely Compliant for 9 of the FATF 40 Recommendations. It was deemed Highly Effective for 0 and Substantially Effective 2 with regard to the 11 areas of Effectiveness of its AML/CFT regime.

In March 2022, the EU Global Facility on AML/CFT conducted a scoping mission to Algeria, which sought to assess the country’s needs for technical assistance and define a future course of action.

Technical assistance activities started to be delivered by the project in January 2023, covering a number of topics.

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Bilateral Activities

Starting date

January 2023


Regulation and FIUs

  • Strategic Approach and Technical Assistance Coordination Committee Mentoring – FATF’s International Co-operation Review Group (ICRG)
  • Supervision of the Central Bank
  • Increasing the quality, quantity, and diversity of Suspicious Transactions reports to the financial sector

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