Regulatory Alerts2025-01-01
Law No. 25-10 Amending and Complementing Law No. 05-01 on the Prevention and Fight Against Money Laundering and the Financing of Terrorism
The Algerian Parliament promulgated Law No. 25-10 to amend and complement the existing legal framework for combating money laundering and terrorist financing. The legislation introduces critical new definitions for virtual assets, beneficial ownership, and legal constructions, while expanding the scope of designated non-financial businesses and professions. It further mandates a risk-based approach for both regulated entities and supervisory authorities to identify, assess, and mitigate risks related to money laundering, terrorist financing, and the proliferation of weapons of mass destruction.
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