Menu principal

Menu principal

Money laundering and terrorist financing: Government examines creation of assessment committee

Published on : Wednesday, 02 December 2020 18:36   Read : 2 time(s)
Money laundering and terrorist financing: Government examines creation of assessment committee

ALGIERS – The Government has listened on Wednesday, during a meeting chaired by Prime Minister Abdelaziz Djerad, to a report by the Finance Minister on the creation of a national committee  entrusted with the assessment of the risks of money laundering, financing of terrorism and financing of proliferation of weapons of mass destruction.

The creation of this regulatory and technical committee, which the finance minister outlined the missions, the organization and the functioning, is part of the "reinforcing of the national system of fight against money laundering and terrorism financing,” said a communiqué of the Prime Minister’s services.

The Committee creation is part of the adaptation to the international standards on the matter, notably the recommendations of the Financial Action Task Force (FATI)."

 Among its missions, the committee would be tasked with elaborating the national strategy of the fight against money laundering, terrorism financing and financing of proliferation of weapons of mass destruction.

 Besides, the government listened to another presentation by the Finance Minister on two draft executive decrees fixing the conditions and modalities for the execution of the payment appropriations available during the complementary period and the modalities of registration and use of assistance funds under the programs registered in the State budget.

 The first draft executive decree aims to ensure better control of the execution of the State’s budget, given that this measure only concerns certain programs and in exceptional and duly justified cases.

 Thesecond draft decree aims to set the terms of registration and use of competition funds under the programs registered in the State’s budget.

It is also intended to supervise the procedure related to the use of assistance funds and to ensure better monitoring of these funds.

Last modified on Wednesday, 02 December 2020 20:19
Money laundering and terrorist financing: Government examines creation of assessment committee

Sign in to your account