Algeria Processing Unit for Financial Intelligence (CTRF)received 600 reports of
suspected money laundering operations in the first half of2011, head of the CTRF,
Nouredine Hibouche said Wednesday.
Speaking to local government run radio, Hibouche said 330 reports were issued by
the Central Bank, specifying that the CTRF recorded about 3,000 reports of suspected
money laundering operations in 2010. The official further added that the CTRF is one
of mechanisms that Algeria has put intoeffect since the ratification of a couple
of international treaties related to counteringmoney laundering operations
and drying up terror groups financial resources.
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