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Boulzerd calls on banks to clarify how to implement new procedures regarding 'Know Your Customer'

May 18, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Boulzerd calls on banks to clarify how to implement new procedures regarding 'Know Your Customer'

Finance Minister Abdel Karim Boulzerd urged banks and financial institutions to enhance communication by organizing regular meetings to clarify the new procedures recently established by the Bank of Algeria regarding 'Know Your Customer'. The minister noted in a speech today, Monday, May 18, on the occasion of a study day organized by the Bank of Algeria on the instruction related to Know Your Customer, that 'banks and financial institutions are required today to organize numerous meetings to explain the new procedures related to Know Your Customer and clarify how to implement this instruction for employees, as bank agencies are the ones that deal directly with citizens and economic operators, especially traders,' according to the Algerian News Agency.

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