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Issuance of a directive soon requiring banks to apply 'Know Your Customer' standards

April 28, 2026APS | مصارف وماليةaps.dzTranslated from Arabic
APS | مصارف ومالية

Algeria - The Governor of the Bank of Algeria, Mohamed Lamine Labou, announced today, Tuesday in Algiers, the issuance of a new directive for banks within a week regarding the application of 'Know Your Customer' (KYC) standards, as part of an effort to adapt the national banking system to the transformations occurring in financing methods.

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