Algeria needs anti-misappropriation systems inside banks: experts

Financial experts and bankers called for the need to “develop security systems inside Algerian banks to strengthen security in Algerian banks and avoid embezzlement as well as money transfers made through tortuous or illegal ways.

• Financial experts recommended the creation of an ethical nomenclature to which banks would be subjected in their commercial and financial deals. Their networks would be expanded throughout Algeria to ensure a best coverage.
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• In workshops on banks to which Algerian Finance Minister Karim Djoudi attended, experts confirmed that these measures are necessary to achieve best development of Algerian financial institutions.
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• In this regard, concluded that development of these banks is a “major focus” in the framework of reforms.