The Algerian Minister of Internal Trade and Market Regulation, Tayeb Zitouni announced on Sunday, July 13, the creation of a new anti-money laundering tool. This is the public register of real beneficiaries.

L'Algérie multiplie les mesures pour lutter contre le blanchiment d' argent et sortir de la liste grise du Gafi (Financial Action Task Force). Indeed, at the opening of the media day devoted to the Public Register of Beneficial Owners, Minister Tayeb Zitouni indicated that “the international commitments of Old Style”, Serif">Algeria , notamment auprès du Financial Action Task Force (FATF ) and related Arab and African agreements, reflect the State's desire to comply with international standards and to ensure the transparency of its legal and financial system, thus strengthening the position of our country on the international scene”.

According to Tayeb Zitouni, in order to achieve this objective, Algeria decided to create the National Register of Beneficial Owners, which is a “central platform for collecting and updating data on the beneficial owners of beneficial ownership of legal persons.” He also said that this register will allow the competent authorities to “monitor suspicious financial flows, to fill in the gaps that may be exploited by manipulators and to protect the national economy from cross-border risks

The creation of the Public Register of Real Beneficiaries is part of a battery of measures taken by Algeria to combat money laundering and accelerate its exit from the gray list of Gafi in which it was registered in October 2024. Other measures include the prohibition of cash payments in real estate transactions, the tightening of the conditions for exercising the function of real estate agent, the capping of the amounts in foreign currency to be exported to 7,500 euros per year, as the same amount per trip previously