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No Tightening on Algerians' Transfers in Foreign Banks!

June 20, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
No Tightening on Algerians' Transfers in Foreign Banks!

A new assessment by the FATF is expected by 2029, and transparency measures are ongoing. The declaration of suspicion continues, and a monitoring and qualification program extends until 2029. In the first direct gains from the country's exit from the FATF's gray list, foreign banks have officially lifted any reservations or strict monitoring measures they imposed on financial transfers to and from Algeria, which is expected to facilitate international financial transactions and reduce administrative burdens and additional costs that economic operators faced. Meanwhile, Algeria is preparing for a new phase aimed at maintaining this gain, by undergoing a new international assessment led by the FATF team by 2029.

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