Audit of the source of funds and monitoring of influential Algerians and foreigners - Termination of the contractual relationship with any unidentified client. The Ministry of Finance, in a decision signed by Minister Abdel Karim Boualzerd, ordered that accountants, accounting auditors, and certified accountants be subjected to a strict control system to combat money laundering, terrorism financing, and the financing of the proliferation of weapons of mass destruction. This includes unprecedented measures requiring accounting and auditing offices to report any suspicious transaction immediately, even if it is just an incomplete attempt, with a prohibition on invoking professional secrecy before the Financial Intelligence Processing Unit. The decision imposed on accounting professionals the monitoring of political clients and influential Algerian figures.
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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