DistantNews
Support us
Algeria Exits FATF Grey List, Hailed as 'Reconquest' Requiring Collective Responsibility
๐Ÿ‡ฉ๐Ÿ‡ฟ Algeria /Economy & Trade

Algeria Exits FATF Grey List, Hailed as 'Reconquest' Requiring Collective Responsibility

From El Watan · () French

Translated from French, summarized and contextualized by DistantNews.

At a glance

News Named sources Outcome reported
  • 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.

โ€” Dr Mohamed YahiaouiPresident of the national council of the National Chamber of Auditors (CNCC), highlighting the significance of Algeria's delisting from the FATF.
DistantNews Editorial

Originally published by El Watan in French. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.