A new law on money laundering and terror financing has been adopted by the Algerian National Council (Senate) after it was already approved by the lower Parliament recently. The new law should put Algeria in line with international standards and efforts to halt the laundering of money for crime and terrorists activities.
Although the law will require some businesses to contend with extra bureaucracy and inconvenience in their banking needs, it will allow Algeria to become more integrated into the international financial community.
