108 money laundering cases reported since 2002 in Algeria

Algerian Prime Minister Ahmed Ouyahiya gave the green light to the financial intelligence unit to start its activities following the signing of a decree that gives more prerogatives to this institution, while in the past it was limited to carrying out investigations and informing the authorities about fraudulent financial operations.

• The main task of the newly created cell consists in conducting investigations, collecting information and connecting different operators.
• In this respect, well informed sources from the financial intelligence cell, revealed that the number of complaints issued by the public sector bank concerning money laundry reached more than 108 case since 2002, the creation year of this institution.