Algeria Approves Key Legislation on Anti-Money Laundering and Data Protection
Algeria has taken significant steps to strengthen its financial security and safeguard personal data with the recent approval of two crucial pieces of legislation. During a Council of Ministers meeting presided over by President Abdelmadjid Tebboune, draft laws pertaining to the prevention and combatting of money laundering and terrorism financing, as well as the protection of individuals in the processing of personal data, were officially approved.
Key Directives and Government Activities
Following a presentation by the Prime Minister on the government’s activities over the preceding two weeks, and subsequent discussions by ministers on various agenda items, President Tebboune issued a series of instructions and directives. These directives likely aim to ensure the effective implementation of the newly approved laws and to further strengthen Algeria’s efforts in combating financial crime and protecting citizens’ privacy in the digital age. The specific details of these instructions were not disclosed in the council’s statement.
The approval of these laws signals Algeria’s commitment to aligning with international standards in financial regulation and data protection. The legislation is expected to bolster the country’s ability to combat illicit financial flows and provide a framework for responsible data handling, crucial in today’s increasingly digital landscape.
Keywords
Related Keywords: Council of Ministers, Money Laundering Bill, Data Protection Bill, Approval, France, Legislation, Financial Crime, Privacy Law, French Government
