{"id":20122,"date":"2025-07-11T16:43:37","date_gmt":"2025-07-11T16:43:37","guid":{"rendered":"https:\/\/www.watanserb.com\/en\/?p=20122"},"modified":"2025-07-11T16:43:37","modified_gmt":"2025-07-11T16:43:37","slug":"eu-labels-algeria-a-high-risk-country-for-money-laundering-and-terror-financing","status":"publish","type":"post","link":"https:\/\/www.watanserb.com\/en\/2025\/07\/11\/eu-labels-algeria-a-high-risk-country-for-money-laundering-and-terror-financing\/","title":{"rendered":"EU Labels Algeria a High-Risk Country for Money Laundering and Terror Financing"},"content":{"rendered":"<p><strong><em>Watan<\/em>&#8211;<\/strong>Algeria has been officially placed on the European Union\u2019s list of high\u2011risk countries for money\u2011laundering and terror\u2011financing, under a resolution adopted by the European Parliament last Wednesday\u2014a move warmly welcomed by the French far\u2011right, which is notoriously hostile toward Algeria.<\/p>\n<p data-start=\"1037\" data-end=\"1330\">With this new classification, any financial operation involving Algerian entities will be subjected to tougher monitoring and enhanced due\u2011diligence procedures within EU institutions. The goal is to reduce illicit\u2011financing risks and ensure greater transparency in the movement of capital.<\/p>\n<p data-start=\"1332\" data-end=\"1756\">The Parliament\u2019s vote followed technical reports and recent evaluations that revealed \u201cmajor shortcomings\u201d in Algeria\u2019s prevention system\u2014particularly in tracking funds, supervising non\u2011governmental organisations (NGOs), and cooperating internationally on judicial matters. Consequently, European banks and financial institutions will now have to apply extra controls whenever they deal with their Algerian counterparts.<\/p>\n<p data-start=\"1758\" data-end=\"2224\">The measure will become legally binding in the coming weeks, once it enters into force. Several MEPs celebrated the outcome\u2014among them French deputy Laurence Trochu of the European Conservatives and Reformists Group, who called the step \u201cgood news\u201d in a post on X. Trochu is a prominent voice of France\u2019s far\u2011right in the European Parliament and operates under the wing of Marion Mar\u00e9chal\u2011Le\u202fPen, granddaughter of the late extremist leader Jean\u2011Marie\u202fLe\u202fPen.<\/p>\n<figure id=\"attachment_9275\" aria-describedby=\"caption-attachment-9275\" style=\"width: 1024px\" class=\"wp-caption alignleft\"><img decoding=\"async\" class=\"wp-image-9275 size-large\" src=\"https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2024\/04\/Naval-1024x683.jpg\" alt=\"Algeria has been officially placed on the European Union\u2019s list of high\u2011risk countries for money\u2011laundering and terror\u2011financing, under a resolution adopted by the European Parliament last Wednesday\u2014a move warmly welcomed by the French far\u2011right, which is notoriously hostile toward Algeria.\" width=\"1024\" height=\"683\" srcset=\"https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2024\/04\/Naval-1024x683.jpg 1024w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2024\/04\/Naval-300x200.jpg 300w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2024\/04\/Naval-768x512.jpg 768w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2024\/04\/Naval-150x100.jpg 150w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2024\/04\/Naval-450x300.jpg 450w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2024\/04\/Naval.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-9275\" class=\"wp-caption-text\">Algeria<\/figcaption><\/figure>\n<p data-start=\"2226\" data-end=\"2611\">Algeria appears in a new batch of countries the European Commission added to its updated list, published on 10\u202fJune, alongside Angola, C\u00f4te d\u2019Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal, and Venezuela. At the same time, several states were removed, including Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, Uganda, and the United Arab Emirates.<\/p>\n<p data-start=\"2613\" data-end=\"3249\">In Algiers, the decision is expected to spark political and economic reactions because it could undermine foreign\u2011investor confidence, complicate dealings with financial institutions, and affect trade with the EU\u2014Algeria\u2019s largest commercial partner. Some Algerian circles called the EU ranking surprising and suspiciously timed, especially as a number of MEPs have recently urged sanctions on Algeria to pressure it to release Franco\u2011Algerian writer Boualem\u202fSansal, charged with \u201cundermining national unity.\u201d Such appeals appeared in a European\u2011Parliament resolution asking the Commission to use coercive tools against Algeria.<\/p>\n<p data-start=\"3251\" data-end=\"3729\">Significantly, the EU designation coincides with the Algerian government\u2019s submission of a new draft law on preventing and combating money\u2011laundering and terror\u2011financing. Presenting the bill to a parliamentary committee, Justice Minister and Keeper of the Seals Lotfi\u202fBoujemaa said the text is part of Algeria\u2019s ongoing effort to align its legislation with international commitments \u201cin light of the evolving nature of these crimes and the emergence of new techniques.\u201d<\/p>\n<p data-start=\"3731\" data-end=\"3754\">Key provisions would:<\/p>\n<ul data-start=\"3756\" data-end=\"4542\">\n<li data-start=\"3756\" data-end=\"4016\">\n<p data-start=\"3758\" data-end=\"4016\">task the National Committee for Assessing Risks of Money\u2011Laundering, Terror\u2011Financing, and Proliferation\u2011Financing with identifying, evaluating, and understanding the risks facing Algeria, and making its findings available to the competent authorities;<\/p>\n<\/li>\n<li data-start=\"4017\" data-end=\"4288\">\n<p data-start=\"4019\" data-end=\"4288\">apply measures that ban the activities of individuals or entities listed on the national terrorism list, freeze or seize their assets, and prohibit any dealings with them\u2014supplementing the sanctions already required by the UN Security Council\u2019s consolidated list;<\/p>\n<\/li>\n<li data-start=\"4289\" data-end=\"4542\">\n<p data-start=\"4291\" data-end=\"4542\">empower judicial\u2011police officers and courts to detect related crimes more effectively, and allow the creation of joint investigative teams, permanent or temporary, including cross\u2011border teams for specialised (especially financial) investigations.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"4544\" data-end=\"4882\">The bill also proposes tougher penalties for certain offences to match the gravity of the crimes, and obliges Algeria\u2019s competent bodies to co\u2011operate and exchange information with foreign counterparts automatically or on request, under bilateral and multilateral treaties and in line with the country\u2019s international obligations.<\/p>\n<p data-start=\"4884\" data-end=\"5186\">By reinforcing its legal arsenal, Algiers hopes to satisfy the recommendations of the Financial Action Task Force (FATF, known in French as GAFI) and exit, as soon as possible, the \u201cgrey list\u201d it was placed on in October\u202f2024\u2014while also mitigating the fallout of the EU\u2019s high\u2011risk designation.<\/p>\n<figure id=\"attachment_13504\" aria-describedby=\"caption-attachment-13504\" style=\"width: 1024px\" class=\"wp-caption alignleft\"><img decoding=\"async\" class=\"wp-image-13504 size-large\" src=\"https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/02\/rafah55555-1024x614.jpg\" alt=\"Algeria has been officially placed on the European Union\u2019s list of high\u2011risk countries for money\u2011laundering and terror\u2011financing, under a resolution adopted by the European Parliament last Wednesday\u2014a move warmly welcomed by the French far\u2011right, which is notoriously hostile toward Algeria.\" width=\"1024\" height=\"614\" srcset=\"https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/02\/rafah55555-1024x614.jpg 1024w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/02\/rafah55555-300x180.jpg 300w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/02\/rafah55555-768x461.jpg 768w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/02\/rafah55555.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-13504\" class=\"wp-caption-text\">Algeria France political crisis<\/figcaption><\/figure>\n<p data-start=\"5188\" data-end=\"5681\">On 25\u202fOctober\u202f2024, FATF grey\u2011listed Algeria for having strategic deficiencies in its anti\u2011money\u2011laundering and counter\u2011terror\u2011financing (AML\/CFT) regime, though the country pledged to remedy them with FATF\u2019s help. The watchdog identified weaknesses such as limited oversight of non\u2011bank financial institutions, lack of transparency on companies\u2019 beneficial owners, poor effectiveness in reporting suspicious transactions, and shortfalls in enforcing terrorism\u2011financing sanctions.<\/p>\n<p data-start=\"5683\" data-end=\"5942\">In February and March\u202f2025, FATF follow\u2011up reports noted technical progress on several gaps identified in the 2023 mutual evaluation\u2014but Algeria has yet to publish all technical reports detailing reforms to its legislative and enforcement systems.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Watan&#8211;Algeria has been officially placed on the European Union\u2019s list of high\u2011risk countries for money\u2011laundering and terror\u2011financing, under a resolution adopted by the European Parliament last Wednesday\u2014a move warmly welcomed by the French far\u2011right, which is notoriously hostile toward Algeria. With this new classification, any financial operation involving Algerian entities will be subjected to tougher &hellip;<\/p>\n","protected":false},"author":1,"featured_media":18809,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[62,6468],"class_list":["post-20122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reports","tag-algeria","tag-high-risk-country"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EU Labels Algeria a High-Risk Country for Money Laundering and Terror Financing - Watan<\/title>\n<meta name=\"description\" content=\"The European Parliament has officially placed Algeria on the EU\u2019s high\u2011risk list for money\u2011laundering and terror\u2011financing,\" \/>\n<meta name=\"robots\" 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