Regulatory Alerts2025-03-27
Guidelines No. 04/2025 of March 27, 2025 on the Self-Assessment of Entities Subjected to Money Laundering, Terrorism Financing, and Proliferation Financing Risks
The Algerian Commission for the Organization and Supervision of Stock Market Operations (COSOB) issued Guidelines No. 04/2025 to establish a methodological framework for securities sector entities to conduct self-assessments of their compliance with anti-money laundering and counter-terrorist financing regulations. The document mandates that entities identify specific risks related to their products, clients, and geographic zones, while evaluating the effectiveness of their internal controls, KYC procedures, and transaction monitoring systems. It further requires the implementation of corrective measures and the submission of a final report detailing findings, action plans, and evidence to ensure continuous regulatory adherence and organizational resilience.