Algerian Radio
The President of the Republic of Algeria, Mr. Abdelmadjid Tebboune, while chairing yesterday, Sunday, a meeting of the Council of Ministers, extended his thanks to the finance sector and the Bank of Algeria for the efforts made that enabled Algeria to exit the gray list of the Financial Action Task Force (FATF).
The statement of the Council of Ministers noted that the President "extended his greetings and thanks particularly for the efforts of the Minister of Finance and the Governor of the Bank of Algeria, and more broadly to all executives and workers in the finance sector, for enabling Algeria to exit the gray list of the Financial Action Task Force (FATF)."
On the occasion of this major achievement, the President of the Republic also recalled that "Algeria's international reputation had suffered severely due to the financial and illegal violations that prevailed before 2019," emphasizing that this decision "serves as international recognition that today's Algeria has definitively distanced itself from the era of money laundering and capital movement crimes, once and for all."
Furthermore, the President of the Republic ordered the Ministers of Finance and Justice to "act with utmost strictness and firmness to prevent any future violations in financial transactions and to ensure transparency, especially in light of all the economic, financial, and judicial reforms initiated by Algeria since the election of the President of the Republic in 2019, and in line with his commitment to supporting Algeria's international reputation across all levels," the Council of Ministers statement added.
