Algerian real estate agencies mobilized to combat money laundering and informal market practices
via Algérie3603 min read
Algeria is intensifying efforts to combat money laundering and terrorist financing, aiming to exit the Financial Action Task Force FATF grey list. The National Federation of Real Estate Agencies FNAI has mobilized 1,900 approved agencies across the country to identify suspicious transactions and illicit capital. The real estate sector is considered highly vulnerable to money laundering. The FNAI also highlights the rapid expansion of the informal market, with 80% to 90% of real estate transactions occurring outside regulated professional channels, often through unapproved intermediaries or social media. The Federation anticipates a decrease in real estate prices in the coming months, contingent on the distribution of "AADL 3" housing units, which is expected to alleviate demand in the free market. The president of the FNAI confirmed that the 1,900 approved agencies are now part of a national vigilance system. Their mission is to report any suspicious transactions to enhance transparency and comply with international standards. Real estate agents are crucial in detecting red flags regarding the origin of funds, especially during negotiations before official notarized acts. Agents are legally obligated to notify authorities if they suspect transactions involve large cash amounts without clear justification, clients cannot prove capital origin, or there is a disproportionate difference between property value and declared amount. Frequent sales and purchases over short periods wi
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The Algerian National Popular Army ANP successfully intercepted a substantial cache of war weapons, ammunition, and an all-terrain vehicle in In Guezzam, according to an announcement by the Ministry of National Defense. This preventive operation, based on precise intelligence, thwarted a major security threat. The seized military arsenal included five Kalashnikov-type submachine guns, three FMPK-type machine guns, four DUSHKA-type machine guns, one anti-aircraft machine gun, one RPG-7 type rocket launcher, and one mortar. Additionally, four PG7V-type rockets, 2,587 bullets of various calibers, and eight ammunition magazines were recovered. Two mobile phones were also seized. The Ministry of National Defense emphasized that these results demonstrate the ANP's constant vigilance and readiness to secure national borders and counter any attempts to undermine the country's integrity and stability.
Isis, a brand under Henkel Algeria, has officially partnered with the Algerian Football Federation FAF to become the official partner of the National Football Team for the upcoming 2026 World Cup. The agreement was formalized at a press conference on June 1 at Henkel Algeria's headquarters in Reghaïa, east of Algiers. The event was attended by Burak Birler, General Manager of Henkel Algeria; Nadir Bouzenad, Secretary General of the FAF; Mohamed El Amine Mesloug, Vice President of the FAF; and Mohammed El Hadi Hamma, Marketing Director of Henkel Algeria, along with other executives. This partnership aims to connect with Algerian football fans through various initiatives. Isis will launch a limited edition range of its products, including machine gel, dishwashing liquid, and hand powder, in Algerian national colors under the slogan "M3ak Ya Lkhadra." These special edition products will be sold at regular prices without any increase. Henkel Algeria also plans to deploy caravans across the country to engage with families and supporters, offering goodies and 10,000 gifts. Nadir Bouzenad expressed satisfaction with the partnership, highlighting that it reflects the confidence a national brand has in the National Team and the FAF, and aligns with shared values of excellence, commitment, and proximity to Algerians. Mohammed El Hadi Hamma emphasized that Isis, as a brand for all Algerians, is committed to being present during significant national moments, especially as the 2026 World
Austria will be without key attacking midfielder Christoph Baumgartner for the 2026 World Cup, where they are set to face Algeria. The Austrian Football Federation confirmed on Tuesday that Baumgartner sustained a serious thigh injury, ruling him out of the tournament. National team coach Ralf Rangnick expressed his disappointment, calling it "very bitter news" for both Baumgartner and the team. Baumgartner, 25, is a crucial offensive player for Austria, known for his versatility and goal-scoring ability. He scored 17 goals in 37 appearances for RB Leipzig this season and has 19 goals in 58 international caps. His absence is expected to create a significant void in the team's technical and offensive leadership. Austria recently secured a 1-0 friendly victory against Tunisia, with Marcel Sabitzer scoring the lone goal, but the team showed some weaknesses, particularly in the first half. The loss of Baumgartner could impact Austria's World Cup ambitions, while potentially offering an advantage to their opponent, Algeria.
Algeria's Minister of Interior, Local Authorities, and Transport, Saïd Sayoud, began a working visit to Paris on Monday at the invitation of his French counterpart, Laurent Nuñez. Accompanied by a high-level delegation, Sayoud co-chaired an extended working session to discuss several issues of common interest related to their respective sectors. This meeting follows Nuñez's visit to Algeria on February 16 and 17. The two-day visit marks a new stage in the bilateral rapprochement between France and Algeria, confirming a dialogue dynamic initiated earlier this year, despite existing sensitive issues between the two capitals. Sayoud's visit began at the Algerian Embassy before he proceeded to Place Beauvau for a one-on-one meeting with Nuñez, which later expanded to include delegations from both countries. This visit signifies a gradual resumption of relations between Algiers and Paris after a period of tension. This warming began in February with Nuñez's trip to Algiers, which reactivated high-level security cooperation. This dynamic has since been consolidated by regular exchanges, including visits in May by the Minister Delegate for the Armed Forces, Alice Rufo, and the Minister of Justice, Gérald Darmanin. Nuñez stated that he would address the case of journalist Christophe Gleizes, currently detained in Algeria, handling the delicate matter with discretion. He also announced an upcoming intensification of expulsions of undocumented Algerian nationals. Gleizes's incarceratio