After Algeria's exit.. “FATF” includes Iraq and Bosnia in the gray list
Economists and finance experts consider that the decision of the Financial Action Task Force “FATF” to remove Algeria from its gray list, coinciding with the inclusion of Iraq and Bosnia and Herzegovina among the countries subject to enhanced scrutiny, represents a clear international recognition of the effectiveness of the reforms initiated by Algeria to enhance financial transparency and combat money laundering and the financing of terrorism, reflecting the restoration of international confidence in its financial and economic system. This decision came during the plenary session of the group in Paris, where members unanimously approved Algeria's removal from the gray list, at a time when “FATF” decided to add Iraq and Bosnia and Herzegovina to the same list due to the need to strengthen anti-money laundering mechanisms.
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