https://www.dzair-tube.dz/en/new-law-bars-individuals-convicted-of-tax-fraud-money-laundering-and-terror-financing-from-commercial-activity/

ALGIERS – A new legal framework published in the latest issue of the Official Gazette sets out stricter conditions governing the exercise of commercial activities and access to the commercial register.

According to the provisions of the new law, individuals convicted of tax fraud and money laundering cases are prohibited from engaging in commercial activities or registering in the commercial register. The same restriction applies to persons convicted in cases related to the financing of terrorism, acts of sabotage, and the financing of the proliferation of weapons of mass destruction.

The law further extends the prohibition to individuals and entities included in the unified sanctions list, as well as those classified on lists of designated terrorist persons and organisations.

The measure forms part of a broader regulatory tightening aimed at strengthening financial transparency, improving compliance mechanisms, and aligning national legislation with international standards in the fight against financial crime, terrorism financing, and illicit economic activities.