Following an extraordinary meeting of the National Committee for the Assessment of Money Laundering Risks, held on Thursday, March 6, last Thursday, March 6, Algeria has published an executive decree setting out the procedures for the seizure of funds in the context of the fight against money laundering. plague. Finance Minister Abelkrim Bouzerd said that the action plan agreed with the Gafi, whose objective is to “ensure the exit of Algeria from the list of countries subject to strengthened monitoring as soon as possible” was on the agenda of

Executive Decree 25-101 of 12 March 2025 defines the procedures for applying the freezing and seizure provisions contained in Law 05-01 of 6 February 2005. This law relates to the prevention and fight against money laundering and the financing of terrorism, within the framework of the implementation of UN Security Council resolutions. Executives are the central government departments, agencies and public administrations concerned, banks, financial institutions, regulatory authorities, associations and any natural or legal person who provides financial services in relation to persons and/or entities whose names appear on the sanctions list. Targeted sanctions consist of the freezing and/or seizure of assets in order to prevent them from being made available to individuals and entities on the UN sanctions summary list

noted that the country was added to the FATF gray list last October.