Instruction COSOB No. 25-06 of October 22, 2025 Amending Instruction 07-24 on AML/CFT/CPF Customer Due Diligence

The People's Democratic Republic of Algeria
Instruction No. 25-06
Issued on October 22, 2025, Amending Instruction No. 07-24 Issued on November 21, 2024, Concerning the Vigilance Measures to be Taken Towards Customers in the Framework of Preventing Money Laundering, Terrorist Financing, and Financing of Proliferation of Weapons of Mass Destruction and Combating Them

Article 01: This Instruction aims to amend and supplement Instruction No. 07-24
Issued on November 21, 2024
Concerning the vigilance measures to be taken towards customers in the framework of preventing money laundering, terrorist financing, and financing of proliferation of weapons of mass destruction and combating them.

Article 02: The fourth paragraph of the second paragraph of Article 5 of Instruction 07-24 is amended and reads as follows:
"The customer must submit a suspicion report to the Financial Intelligence Processing Unit."

Article 03: The provisions of Article 27 of Instruction 07-24 are amended and read as follows:
"The regulated entity must apply enhanced due diligence measures proportionate to the risk level when establishing a business relationship or executing financial transactions, including with financial institutions, or with natural persons designated by the countries of the Financial Action Task Force (FATF), or the Financial Intelligence Processing Unit, based on its independent assessment of high money laundering, terrorist financing, and financing of proliferation of weapons of mass destruction risks.

Enhanced measures include:

• The enhanced due diligence measures stipulated in Instruction 01-05, as amended and supplemented, and Regulation 01-24 and this Instruction;
• Any additional measures declared by the FATF;
• Any other enhanced measures aimed at mitigating risks.

The Stock Market Operations Organization and Supervision Commission Commission d’Organisation et de Surveillance des Opérations de Bourse – COSOB -

The regulated entity must, following each circular issued by the Stock Market Operations Organization and Supervision Commission, apply countermeasures towards high-risk countries classified by the FATF or those identified by the Unit based on its independent risk assessment.

Furthermore, the regulated entity must apply appropriate and immediate preventive and corrective measures in response to weaknesses or deficiencies in the anti-money laundering and counter-terrorist financing systems of other countries, upon receipt of each circular from the Stock Market Operations Organization and Supervision Commission.

Article 04: Paragraph 8 of paragraph (a) of Article 30 of Instruction 07-24 is deleted:
"Politically exposed persons belonging to international organizations."

Article 05: This Instruction enters into force from the date of its signature.

Issued in Algiers on October 22, 2025
The President
Yousef Bouznada