7 training sessions and 42 hours of qualification for auditors across 13 national hubs. A delegation from the Financial Action Task Force is expected in April to assess reforms as part of its efforts to quickly exit the FATF's grey list. Indicators confirm that Algeria has made significant progress in drying up money laundering channels and tightening monitoring and oversight mechanisms, shifting its current focus to horizontal and vertical training for various stakeholders, including judges, accountants, auditors, economic operators, and legal professionals. This transformation aims to unify practices, enhance compliance levels, and establish a culture of prevention, ensuring effective and sustainable application of standards.
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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