Drug smuggling behind money laundry in Algeria, says security officer

Drugs smuggling is the main source of money laundry in Algeria, director of security training office said Wednesday.

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• “There is a need for activating security cooperation with bordering countries near Algeria in the fight against money laundry and terrorism funding, Boualam Allah Rachid said in a seminar in Algiers.
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• Earlier in November, anti-drug organization chief Aissa Guacemi said 113 tons of drugs were smuggled from Morocco to Europe across Algeria in January-September 2008. Of them, 17 tons were seized by Algerian security forces.
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• Boualam Allah Rachid mentioned that Algeria planned to sign two Arab agreements on the fight against corruption crimes and money laundry.