Forcing deposits into commercial accounts through authenticated means - Cash deposits allowed... except in exceptional cases - Double scrutiny on clients who may pose a risk "Bank of Algeria" has introduced changes described as radical and historic related to cash deposits, through the adoption of authenticated payment means to be the norm for injecting funds into commercial bank accounts, and making "cash" an exception, as part of efforts to reduce the risks of money laundering and terrorist financing, especially in terms of the source of funds. These unprecedented measures were announced through a directive from Bank of Algeria addressed to banks and licensed financial institutions in the country, under number 02/ M.O.M...
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Algeria - The General Directorate of Taxes announced today, Sunday, in a statement, the extension of the deadlines for subscribing and submitting a number of tax declarations for taxpayers subject to the real profit system and the single flat-rate tax system, in order to enable them to meet their tax obligations under the best conditions.
Most homes and farms are not insured against fires; farmers are the most exposed to losses due to weak subscription. New insurance products to face climate disasters, digitization, and artificial intelligence to reduce compensation times. Hassen Khalifati, a member of the board of the Algerian Union of Insurance and Reinsurance Companies, warned that the expansion of fires in Algeria, due to heat waves and climate changes, is met with a clear weakness in the demand for fire insurance, which increases the losses incurred by families, farmers, and economic institutions when disasters occur. Khalifati explained, in a statement to 'Echorouk', that there are no accurate and updated statistics to determine the percentage of homes or farms...
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