Algeria Exits FATF Grey List, Hailed as 'Reconquest' Requiring Collective Responsibility
Translated from French, summarized and contextualized by DistantNews.
At a glance
- Algeria has been officially removed from the Financial Action Task Force's (FATF) grey list.
- The country was placed on the list in October 2024 and has been removed in less than two years.
- The delisting is considered a significant achievement for Algeria's financial architecture, requiring collective responsibility to maintain standards.
June 19, 2026, marks a pivotal date for Algeria's financial landscape as the nation officially exits the Financial Action Task Force's (FATF) grey list. The decision was formalized Friday during a plenary session in Paris, concluding a period of enhanced surveillance that began in October 2024.
Dr. Mohamed Yahiaoui, president of the National Chamber of Auditors (CNCC), described the delisting as a "reconquest," emphasizing that maintaining this status is a "collective responsibility." This achievement, secured in under two years, signifies a major step in strengthening Algeria's financial systems against illicit activities.
The FATF's grey list identifies jurisdictions subject to increased monitoring due to deficiencies in their anti-money laundering and counter-terrorist financing frameworks. Algeria's successful exit suggests significant progress in implementing necessary reforms and adhering to international financial standards. The focus now shifts to sustaining these improvements to ensure long-term financial stability and credibility on the global stage.
The exit from the grey list is a reconquest, staying on it is a collective responsibility.
Originally published by El Watan in French. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.