Algeria Adopts Laws on Anti-Money Laundering and Data Protection
The Algerian People’s National Assembly (APN) has approved two significant pieces of legislation: a law focused on preventing and combating money laundering and terrorism financing, and another concerning the protection of individuals in the processing of personal data. These laws signal a commitment to strengthening financial security and safeguarding citizen privacy.
Key Aspects of the New Legislation
The anti-money laundering and terrorism financing law, adopted without amendments, introduces measures to prohibit the activities of terrorist individuals and entities. It includes provisions for freezing or seizing their assets and prohibits any dealings with them. Furthermore, the law enhances the powers of judicial police officers in investigating related crimes. The data protection law aims to regulate the processing of personal information, ensuring greater individual control and security over their data. These laws were passed during a plenary session led by the Speaker of the Assembly, Brahim Boughali, and attended by the Minister of Justice, Lotfi Boudjemaa, and the Minister of Relations with Parliament, Kaouter Krikou.
These legislative efforts demonstrate Algeria’s proactive approach to addressing financial crime and protecting the privacy rights of its citizens in an increasingly digital world. The implementation of these laws is expected to have a significant impact on both the financial sector and the broader digital landscape in Algeria.
Keywords
Related Keywords: Money laundering and personal data protection, Algeria, APN, law, legislation, data privacy, financial crime, AML, National Peoples Assembly, Algerian law
