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Know Your Customer”… The Beginning of a New Era in Financial Auditing!

May 4, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Know Your Customer”… The Beginning of a New Era in Financial Auditing!

The Bank of Algeria has implemented strict measures that reshape how banks and financial institutions interact with customers. This directive adopts an expanded and proactive approach to 'Know Your Customer' (KYC), making verification and monitoring a continuous process before, during, and after any financial relationship. In this context, a directive numbered 04-2026, issued on April 30, 2026, and signed by the Governor of the Bank of Algeria, Mohamed Amine Labbou, precisely defines the KYC procedures applicable to banks, financial institutions, and the financial services of Algeria Post. The inclusion of exposed politicians under strict monitoring and the obligation to verify the sources of wealth.

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