Regulatory Alerts2025-10-22
COSOB Guideline No. 06-2025 of October 22, 2025, on High-Risk Countries
The Algerian Stock Operations Organization and Supervision Commission (COSOB) issued Guideline No. 06-2025 to mandate enhanced due diligence and counter-measures for regulated entities engaging with high-risk countries. The guideline requires institutions to implement strict controls, including transaction restrictions, enhanced monitoring, and governance protocols, to mitigate money laundering, terrorist financing, and proliferation financing risks. Compliance is enforced through mandatory reporting to the Financial Intelligence Unit and COSOB, with violations subject to penalties under existing Algerian law.
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