Algeria

Global sanctions guide

Australia
  1. Does Algeria have a sanctions regime in place? 

Yes.

  1. Does Algeria implement UN sanctions? 

Yes.

  1. Does Algeria implement an autonomous sanctions regime? 

No. As a member of the Arab League, however, Algeria has imposed sanctions on Syria. These include:

  • cutting off transactions with the Central Bank of Syria;
  • halting funding by Arab governments for projects in Syria;
  • banning senior Syrian officials from travelling to other Arab countries; and
  • freezing assets related to President Bashar al-Assad’s government.

The declaration also calls on Arab central banks to monitor transfers to Syria, with the exception of remittances from Syrians abroad.

As well, Algeria has sanctions against Al Qaeda preventing designated individuals from entering or passing through Algeria, using flag vessels or aircraft, selling or supplying certain goods, or selling weapons.

  1. What is the nature of the sanctions regime in Algeria? 

Algeria has implemented several laws in order to implement UN sanctions, whether in relation to general sanctions or specific, targeted ones. For example, with regards to the UNSC list of persons, groups or entities subject to sanctions pursuant to UNSCR 1452 (2002), “Executive Decree N°15-113 on the procedure of freezing and/or seizure of funds and assets within the framework of prevention and fight against terrorist financing and its text of application: Order N°45 of  31 May 2015” relates to procedures for freezing and/or seizing funds of persons, groups and entities reported on that list.

  1. Does Algeria maintain a list of sanctioned individuals and entities? 

No.

  1. Are there any other lists related to sanctions? 

No.

  1. Does Algeria have a licensing or authorisation system in place? 

No.

  1. What are the consequences for a breach of sanctions in Algeria? 

In relation to the freezing and/or seizure of funds and assets within the framework of prevention of terrorists, Algeria has created the Financial Intelligence Processing Unit (FIPU), a specialised structure ensuring implementation of the provisions of under Executive Decree N°15-113, mentioned above.

The FIPU has authority to:

  • publish the list of persons subject to relevant UN sanctions on its own website;
  • ensure the implementation of freezing and/or seizure procedures on the relevant persons once informed by relevant parties (e.g. a bank, post office, any other financial institutions, authority or person holding information on funds and property of persons ) that one of their current or new client is listed;
  • inform the person about the freezing and/or seizure; and
  • receive requests to update the list of person subject to freezing and/or seizure.

Funds and property frozen and/or seized are managed by the judicial agency of the Treasury after they have been transferred to it by the relevant party. These funds are held on consignment in the records of the Central Treasurer until removal by the Sanctions Committee of the United Nations Security Council.

  1. Who are the relevant regulators in Algeria and what are their contact details?

The FIPU is part of the Algerian Ministry of Finance.

Ministère des Finances
Immeuble Ahmed
Francis 163606
Ben Aknoun – Algiers
Algeria

 

Contributor law firm

Samia Goudjil, BENSLIMANE A&C cabinet d'avocats