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Training workshop in Algiers on “cryptocurrencies”
Algerian-American cooperation
In collaboration with the Embassy of the United States of America in Algiers, the Ministry of Justice organized a training workshop devoted to “Cryptocurrencies”. This workshop is reserved for magistrates, judicial police officers and financial analysts from the Financial Intelligence Processing Unit (CTRF) and the Bank of Algeria, we learned.
Speaking at the start of this workshop, the Secretary General of the Ministry of Justice, Mr. Mohamed Regaz, did not fail to welcome the fruitful cooperation with the United States Embassy in terms of “skills development in areas of common interest”. Mr. Rezag also indicated that the choice of this vital theme reflects “the common desire of the two countries to be in line with contemporary challenges, in particular those relating to the fight against cross-border financial crimes, which constitute a threat to economic security and the sovereignty of States”. The Secretary General of the Ministry of Justice added that Algeria is willing to work with the United States of America in matters of international judicial cooperation, “in the interest of both countries and to achieve common objectives in the fight against all forms of crime.” The work of a training workshop devoted to “cryptocurrencies”, organized by the Ministry of Justice in collaboration with the United States Embassy in Algeria, began on Sunday in Algiers, for the benefit of magistrates, officers of the Judicial Police as well as financial analysts from the Financial Intelligence Processing Unit (CTRF) and the Bank of Algeria. This workshop complements the one organized last July on “open source intelligence”, supervised by the International Criminal Investigation Assistance and Training Program (ICITAP), under the American Department of Justice.
Concerning the workshop, the work of which will continue until next Thursday, Mr. Regaz specified that it will make it possible to “acquire advanced tools and techniques for the detection and analysis of cryptocurrency transactions”, which will contribute to “strengthening the effectiveness of investigations and the exchange of information.
mation between the institutions of the two countries, particularly in the fight against financial and economic crime. In this regard, the SG of the Ministry of Justice recalled the efforts made by Algeria in recent months to adapt its legislative system to the 40 recommendations of the Financial Action Task Force (FATF), notably through the revision of the law relating to the prevention and fight against money laundering and the financing of terrorism, by integrating provisions specific to cryptocurrencies, in accordance with the requirements of recommendation No. 15. For her part, the United States Ambassador to Algeria, Elizabeth Moore Aubin, praised “Algeria’s expertise in the fight against terrorism”, while welcoming the success which marked the first workshop organized last July. She also indicated that “cryptocurrencies” have become “a major challenge for all”, to the extent that they now constitute “a key tool of money laundering used to finance terrorism”, a phenomenon which transcends national borders, economies and institutions, stressing that money laundering “is no longer just a crime, but a threat to our security and global stability”.
Moncef Redha