The Financial Action Task Force (FATF) congratulated Algeria on the progress it has made in combating money laundering and enhancing transparency in the economic and financial sectors, confirming that the completed reforms contributed to the decision to remove the country from its grey list of jurisdictions under increased scrutiny, which was unanimously approved by the plenary session of the group held in Paris. The group confirmed that Algeria has completed the action plan outlined within the specified timelines, leading to the end of its submission to the enhanced monitoring process, following successful on-site visits to verify the implementation of the agreed commitments and reforms. Read the full content on Echourouk Online.
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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