Algeria removed from FATF grey list after two years of financial reforms

This move follows two years of significant reforms to the national financial system, which international delegations have praised as "remarkable." The Algerian delegation, led by the Minister of Finance and the Governor of the Bank of Algeria, was present to receive this international recognition. The FATF report explicitly commended the quality and pace of Algeria's transformations, noting that the country took substantial measures to improve its anti-money laundering and counter-terrorist financing AML/CFT regime, with some actions ahead of schedule.

Key factors in this success included the personal and consistent involvement of the highest state authorities in guiding legislative and operational projects, as well as the coordinated mobilization of all financial and judicial stakeholders in the country. Algeria was placed on the grey list at the end of 2024 and promptly initiated an ambitious action plan. By February 2026, FATF had already indicated that Algeria had largely completed its action plan, warranting an on-site evaluation.

Legislative reforms included strengthening suspicious transaction reporting, establishing a legal framework for targeted financial sanctions related to terrorist financing, and developing an effective system for tracing beneficial owners. Risk-based supervision was also revised, with regula