Regulatory Alerts2025-10-22
COSOB Guidelines No. 03-2025 of October 22, 2025, on Freezing and/or Seizure Measures for Targeted Financial Sanctions (Version 0.2)
The Algerian Commission for the Organization and Supervision of Stock Exchange Operations (COSOB) issued Guidelines No. 03-2025 to enforce targeted financial sanctions by requiring regulated entities to immediately freeze assets of individuals and entities listed on the UN Security Council Consolidated List. The document mandates strict internal controls, continuous monitoring, and rapid reporting mechanisms to prevent the financing of terrorism and the proliferation of weapons of mass destruction. It further establishes detailed procedures for managing frozen funds, handling exceptional expenditure requests, and processing delisting applications through specialized national and international bodies.
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