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.
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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