Further to the resolutions of the Council of Money and Credit, of February 20 th, 2012;

Transcription

1 REGULATIONS 2012

2 REGULATION OF FEBRUARY 20 TH, 2012 ON THE ORGANIZATION AND RUNNING OF THE CREDIT RISK REGISTRY OF COMPANIES AND HOUSEHOLDS The Governor of the Bank of Algeria, Whereas Order of Joumada Ethania 27 th, 1424 corresponding to August 26 th, 2003 relating to Money and Credit, as amended and completed, namely its Article 98; Whereas the Presidential Decree of Rabie El Aouel 10 th, 1422 corresponding to June 02 nd, 2001 relating to the appointment of the Governor and Vice-Governors of the Bank of Algeria; Whereas the Presidential Decree of Rabie El Aouel 10 th, 1422 corresponding to June 2 nd, 2001 relating to the appointment of members of the Board of Directors of the Bank of Algeria; Whereas the Presidential Decree of Rabie El Aouel 10 th, 1422 corresponding to June 02 nd, 2001 relating to the appointment of the members of the Council of Money and Credit of the Bank of Algeria; Whereas the Presidential Decree of Chaaban 26 th, 1423 corresponding to November 2 nd, 2002 relating to the appointment of a member of the Board of Directors of the Bank of Algeria; Whereas the Presidential Decree of Djoumada El Aouel 5 th, 1427 corresponding to June 1 st, 2006, relating to the appointment of a Vice-Governor of the Bank of Algeria; Whereas regulation of March 22 nd, 1992 on the organization and running of a Credit Risk Registry; Further to the resolutions of the Council of Money and Credit, of February 20 th, 2012; Promulgates the Regulation the content of which follows:

3 Article 1: The object of this regulation is to set the principles of organization and running of the Credit Risk Registry of companies and households, hereinafter referred Credit Risk Registry. The Credit Risk Registry is subdivided into two (2) divisions, hereinafter respectively referred as Credit Risk Registry of companies, in which data relating to credits granted to legal entities and self employed natural persons are recorded, and Credit Risk Registry of households, in which data relating to credits granted to individuals are recorded. Article 2: The Credit Risk Registry is a service for the centralization of risks, responsible for collecting from each bank and each financial institution, namely, hereinafter referred reporting institutions, the identity of the beneficiaries of credits, the nature and ceiling of credits granted, the amount of uses, amount of credits not reimbursed for the outstanding credits and guarantees taken for each type of credit. Article 3: Reporting institutions shall be compelled to join the Credit Risk Registry of the Bank of Algeria and observe the operating rules. Article 4: Credit Risk Registry shall be in charge of collecting, processing and saving information on bank credits and return them back to reporting institutions, after centralization. Article 5: Reporting institutions shall be compelled to declare to the Credit Risk Registry, depending on the nature of data, in the compartment reserved to companies and in the compartment reserved to households: -identification data of beneficiary of credits, ceilings of credits and outstanding amounts of credits that they grant to their clients whatever the amount under transactions carried out by their branches, as well as guarantees taken (collateral and personal guarantee) for each type of credit. This information is called positive data; -amount not reimbursed for these outstanding credits. This information is called negative data. Article 6: Reporting institutions shall declare monthly all the credits granted to companies and individuals, whatever their amount. Credits granted to their staff shall also be declared to the Credit Risk Registry according to the same periodicity, in accordance with the regulation in force.

4 Article 7: The Credit Risk Registry conducts each month the centralization of declarations mentioned in Article 5 above. It shall establish and put at the disposal of each reporting institution, through consultation and monthly restitution, results of centralization consigned in credit reports regarding its own customers. Article 8: To identify borrowers, the Credit Risk Registry shall use in the exchange of information with reporting institutions an identification number of legal persons and of self employed natural entities and an identification number of individuals. Article 9: Results of centralization mentioned in Article 7 above shall be used by reporting institutions through the granting and management of credits to their customers. This information shall by no means be used for other purposes, namely commercial prospecting and marketing. Article 10: Reporting institutions shall also send promptly, to the Credit Risk Registry and regardless of the credit reporting, any significant information occurring in the situation of the borrower, such as the amendment of the statutes of the company if appropriate, the change of address or any other information that may have influence on its solvability. Article 11: Reporting institutions shall be responsible vis-à-vis the Bank of Algeria for the accuracy, completeness and consistency of information that they sent to the Credit Risk Registry. They shall also be responsible for the protection, conservation and internal transmission of data they receive from the Credit Risk Registry. Article 12: Reporting institutions shall be compelled to inform their customers of declaration and registration to the Credit Risk Registry of credits granted to them. They shall specify the purpose of the treatment of such data by the Credit Risk Registry, the existence of a right of access, rectification and deletion of data as well as the retention period of the data. Reporting institutions shall also be compelled to inform their customers, enterprises and individuals, when declared for the first time to the Credit Risk Registry for default on loan repayment. Article 13: Reporting institutions shall be compelled to consult the Credit Risk Registry prior to granting credit to a new customer. Article 14: Data communicated by the Credit Risk Registry are strictly confidential and reserved to the recipient reporting institution.

5 Reporting institutions which have obtained information from the Credit Risk Registry must take the necessary measures to ensure confidentiality. Article 15: Any borrower may access, free of charge, the recorded data that concern him and may require if applicable the reporting institution correction of erroneous data. This right of access may also be exercised by the borrower from the services of a branch of Bank of Algeria of his place of residence. In case of correction of data, the reporting institution shall be compelled to communicate the corrected data to the Credit Risk Registry which shall inform the reporting institutions that consulted the credit report of the customer concerned. Article 16: The period of retention of the data reported may not be less than (5) five years. The time limit begins to run from the date of extinction of debt for positive data declarations and from the date of declaration of delinquency on credit for negative data declarations. Article 17: Direct costs of the Credit Risk Registry shall be supported by reporting institutions. The procedure and the pricing of the service by the Credit Risk Registry shall be fixed by the Bank of Algeria. Article 18: Any reporting institution not respecting the provisions of this regulation shall be declared to the Banking Commission. Article 19: This regulation shall cancel and replace regulation of March 22 nd, 1992 relating to the organization and functioning of the Credit Risk Registry. Article 20: Terms of application of this regulation shall be fixed by instructions from the Bank of Algeria. Article 21: This regulation shall be published in the Journal Officiel of the People s Democratic Republic of Algeria. The Governor Mohammed LAKSACI

6 REGULATION OF RADJAB 9 TH, 1433 CORRESPONDING TO MAY 30 TH, 2012 RELATING TO THE CREATION, ISSUE AND THE PUTTING INTO CIRCULATION OF A METALLIC COIN OF TWO HUNDRED (200) ALGERIAN DINARS The Governor of the Bank of Algeria, Whereas Order of Joumada Ethania 27 th, 1424 corresponding to August 26 th, 2003 relating to Money and Credit, as amended and completed, namely its Articles 32, 38, 62 (paragraph a), 63 and 64; Whereas the Presidential Decree of Rabie El Aouel 10 th, 1422 corresponding to June 02 nd, 2001 relating to the appointment of the Governor and Vice-Governors of the Bank of Algeria; Whereas the Presidential Decree of Rabie El Aouel 10 th, 1422 corresponding to June 2 nd, 2001 relating to the appointment of members of the Board of Directors of the Bank of Algeria; Whereas the Presidential Decree of Rabie El Aouel 10 th, 1422 corresponding to June 02 nd, 2001 relating to the appointment of the members of the Council of Money and Credit of the Bank of Algeria; Whereas the Presidential Decree of Chaaban 26 th, 1423 corresponding to November 2 nd, 2002 relating to the appointment of a member of the Board of Directors of the Bank of Algeria; Whereas the Presidential Decree of Djoumada El Aouel 5 th, 1427 corresponding to June 1 st, 2006, relating to the appointment of a Vice-Governor of the Bank of Algeria; Further to the resolutions of the Council of Money and Credit, of May 30 th, 2012; Promulgates the Regulation the content of which follows: Article 1: The Bank of Algeria creates and issues a new metallic coin of two hundred (200) Algeria Dinars.

7 Article 3: The technical characteristics and descriptions of this coin are as follows: 1.1 Presentation: The coin of two hundred (200) Algerian Dinars is a bimetallic type coin. It is constituted of a steel grey external copper-nickel crown and inside this crown is a bronze heart, crimped inside this crown in yellow 1.2 Specifications: External diameter Heart diameter Crown weight Heart weight Total weight Thickness : 28, 00 +/ - 0, 05 mm : 17, 60 +/ - 0, 05 mm : 7, 10 +/ - 0, 18 g : 4, 90 +/ - 0, 12 g : 12, 00 +/- 0, 30 g : 2, 55 g + 0, 05 mm 1.3 Composition: 4 -Description: 4.1- Obverse side: Heart : Copper : 92% Aluminium : 6% Nickel : 2% Crown : Copper : 75 % Nickel : 25 % A) Pattern: logo of the fiftieth anniversary of independence. The logo consists of the following elements: 1- Logo background represents the national flag, symbol of national sovereignty. The flag coulors are represented by Hatches (heraldic symbolism of colors): The crescent and the star are represented by hatches at 90. (heraldic symbolism of red color). The left side of the flag is represented by haches at 135. (heraldic symbolism of green color).

8 2- The left side of the logo: a figure representing a young woman and a young man staring at the horizon. 3- The right side of the logo: many elements symbolizing the struggle for liberation, sciences and construction. These elements are: a- A computer, symbolizing new technologies. b- Sustainable delovepment (construction- water- housing- education ). c- Maqam Echahid (Martyr s memorial) d- The Algerian Satellite (Alsat2) symbolizing scientific research. 4- On the bottom of the logo: the figure (50) which makes reference to the fiftieth anniversary of the independence ( ). 5- On the top of the logo: the words the feast of Algeria in national language عید الجزاي ر»written on the circle arc. 6- The Hegirian and the Gregorian dates of the minting: (1433h-2012) inserted inside the heart on the bottom of the coin. B) EDGE Fluted edge with 170 ridges distributed over the entire circumference of the coin, with a marking of the figure "200" separated by a star repeated four times, once in place and once in reverse 4.2- Reverse Side: a- Main theme: a stylized figure 200, appearing throughout the diameter of the heart, on a background texture Each character of the figure 200 consists in granulated area bounded by a border b- Mention of the crown: with a strip of decagonal shape in letters and in Arabic: بنك الجزاي ر algeria On the top: Bank of

9 دینار» Dinars On the bottom : «Both sides are separated by two stars. Article 3: Such new coin shall be put into circulation after the promulgation of this Regulation. Article 4: This Regulation shall be published in the Journal Officiel of the People s Democratic Republic of Algeria. The Governor Mohamed LAKSACI

10 REGULATION OF NOVEMBER 28 TH, 2012 RELATING TO THE PREVENTION AND FIGHT AGAINST MONEY LAUNDERING AND THE FINANCING OF TERRORISM The Governor of the Bank of Algeria, Whereas Order of September 26 th, 1975, as amended and completed, relating to the commercial code; Whereas Order of Joumada Ethania 27th, 1424 corresponding to August 26 th, 2003 as amended and completed, relating to Money and Credit; Whereas law of Dhou El Hidja 27 th, 1425 corresponding to February 6 th, 2005, as amended and completed, relating to the prevention and fight against money laundering and the financing of terrorism; Whereas law of Moharram 21 st, 1427 corresponding to February 20 th, 2006, as amended and completed, relating to the prevention and fight against corruption; Whereas the executive decree of moharram 24 th, 1423 corresponding to April 7 th, 2002 relating to the creation, organization and functioning of the Financial Information Processing Unit (CTRF); Whereas executif decree of Chaabane 1 st, 1431 corresponding to July 13 th, 2010 setting the limits to be applied to payment transactions to be carried out by means of payment through the banking and financial system; Whereas the Presidential Decree of Rabie El Aouel 10 th, 1422 corresponding to June 02 nd, 2001 relating to the appointment of the Governor and Vice-Governors of the Bank of Algeria; Whereas the Presidential Decree of Rabie El Aouel 10 th, 1422 corresponding to June 2 nd, 2001 relating to the appointment of members of the Board of Directors of the Bank of Algeria; Whereas Regulation of December 15 th, 2005 relating to the prevention and fight against money laundering and the financing of terrorism;

11 Whereas Regulation of November 28 th, 2011 relating to the internal control of Banks and Financial institutions. Further to the Resolutions of the Council of Money and Credit, of November 20 th and of November 28 th 2012; Promulgates the Regulation the content of which follows: Article 1: Banks, Financial Institutions and Financial Services of Algérie Poste, must, in compliance with Law 05/01 of Dhou El Hidja 1425, corresponding to February 06 th, 2005, as amended and completed, relating to the prevention and fight against money laundering and the financing of terrorism, as defined in its articles 2 and 3, remain extremely vigilant. To this effect, they must have an available written program for the prevention, detection and fight against money laundering and the financing of terrorism. Such program must include, namely, Procedures; Controls; Methodology of due diligence regarding the identification of customers; Appropriate training for their staff; A relationship system (correspondents and declarations of suspicion) with the Financial Information Processing Unit (CTRF). TITLE I IDENTIFICATION OF CLIENTS AND TRANSACTIONS Article 2: Banks, Financial Institutions and Financial Services of Algérie Poste must - with a view to avoid the exposure to severe risks connected with their clients and counterparts - ensure that internal standards related to the identification of clients are available and that these standards are in continuous adequacy. Protective measures connected with identification of clients shall be beyond the scope of simple account opening and keeping. These measures require on the part of Banks, Financial Institutions or Financial Services of Algérie Poste, a strict duty of diligence with respect to accounts and transactions that may be risky as well as a vigilant monitoring of activities and transactions that might be suspicious.

12 Article 3: The standards for the identification of clients shall take into account the essential elements of risk management and control procedures, namely: 1. a policy for accepting new customers; 2. identification of clients and monitoring of transactions and movements; 3. Continuous monitoring of clients and accounts at risk. Banks, Financial Institutions and Financial Services of Algérie Poste should know the identity and address of their clients and should monitor account transactions to detect the types of transactions and the atypical and/or unusual transaction and their economic justification for a specific client or a category of accounts. Article 4: The procedure of identification of clients shall intervene during the establishment of the business relationship and should help ensure the purpose and nature of the activity, the identity and address of the customer and/or effective beneficiary, as defined by law mentioned above. For the purpose of this regulation, the word client shall designate, namely, any person or entity, holder of an account opened with the Bank or with the Financial Services of Algerie Poste, or on whose behalf an account is opened (real owner of the account); Any real beneficiary of account; The beneficiaries of transactions made through professional intermediaries; Occasional clients; Agents and agents acting on behalf of a third party; Any person or entity connected with a financial transaction made through a Bank or Financial Institution or through the Financial Services of Algérie Poste. Article 5: Control of the identity of a natural person shall be carried out through the submission of a current and valid original document bearing photography. It is important to gather information concerning the affiliation of the person concerned.

13 Control of the identity of a legal entity, including any type of non profit association and other organizations, shall be carried out through the submission of an original document, its Bylaws and any other document stating that it is legally registered or authorized and has a true existence and address at the time of identification. The verification of the address is made through submission of an official document establishing proof. Agents and agents acting on behalf of third parties must submit in addition to the documents mentioned above, the powers and the documents proving the identity and address of the effective owners of the funds. A copy of the evidence of identity, mandate and address shall be preserved. Banks, Financial Institutions and Financial Services of Algérie Poste shall focus on regular contact, as part of their relations with their clients. If after opening an account, problems of control and updates of information mentioned above arise; Banks, Financial Institutions and Financial Services of Algérie Poste must close the account and notify the holder, the Financial Information Processing Unit and the Banking Commission and return the balance unless otherwise provided by a competent authority. Account opening agreement shall stipulate this conditionality. Banks, Financial Institutions and Financial Services of Algérie Poste shall, by no mean, open anonymous and numbered accounts. Article 6: To ensure that the data held on clients are updated; Banks, Financial Institutions and Financial Services of Algérie Poste must annually update them and at least on the occasion of a major transaction, a substantial modification of documentation standards on customers or a significant change in the account management process. However, if a Bank, a Financial Institution or Financial Services of Algérie Poste realize at a given time, that the information they have on a client are insufficient, they must take the necessary measures to obtain in the shortest possible time, all relevant information.

14 TITLE II- POLITICALLY EXPOSED PERSONS Article 7: Banks, Financial Institutions and Financial Services of Algérie Poste must, at the discretion of their General Direction, obtain before engaging into a relationship with any new client - politically exposed person - as defined by Law mentioned above, sufficient information on the origin of capital and must take adequate provisions ensuring a strengthened and permanent surveillance of the business relationship. TITLE III - PRESERVATION OF DOCUMENTS Article 8: Banks, Financial Institutions, and Financial Services of Algérie Poste, shall preserve and put at the disposal of the relevant authorities: Documents related to the identity and address of clients for a period of five (5) years at least, after the closing of the accounts and/or the termination of the business relationship; All documents relating to transactions carried out, including confidential reports, for a period of five (5) years at least, after the execution of the transaction; Banks, Financial Institutions and Financial Services of Algérie Poste are required to develop procedures to the attention of their operational structures, specifying what data to be preserved regarding client identification, individual transactions and the legal and regulatory framework for such preservation. TITLE III - CORRESPONDENT BANKS Article 9: Banks, Financial Institutions and where appropriate, Financial Services of Algérie Poste, shall gather sufficient information on their bank correspondents in order to know the nature of their activity and their reputation. Correspondent relations with foreign banking institutions should be established at the discretion of the General Direction provided that: -The rendering of their accounts has been certified; -They are subject to control by the relevant authorities;

15 -They cooperate within a national framework for the fighting of money laundering and the financing of terrorism; -They apply vigilance measures to clients using transit accounts; -They do not maintain business relationship with shell banks. Agreements relating to correspondent accounts must be updated to integrate the above-mentioned obligations. TITLE IV - WARNING SYSTEMS Article 10: Banks, Financial Institutions and Financial Services of Algérie Poste, are required to have systems for the monitoring of transactions, allowing for all accounts the identification of activities that have unusual or suspicious nature. Types of transactions that should be subject to a specific attention include namely, transactions which: Appear to have no noticeable economic or commercial rationale; Present capital movement disproportionate to the account balance; Relate to amounts, especially in cash, unrelated to standard conceivable transactions of client; Are unusually complex or unjustified; Do not appear to have lawful purpose; Are beyond the threshold set by the Regulations in force. For such transactions, Banks, Financial Institutions and Financial Services of Algérie Poste, are required to inquire on the origin and destination of the funds, on the purpose of the transactions and on the identity of the parties. A confidential report shall be drawn up and preserved without prejudice to articles 15 through 22 of the law of February 6 th, 2005 mentioned above. Article 11: Banks, Financial Institutions and Financial Services of Algérie Poste are required to take the relevant measures to guard against the risk of using for the purpose of money laundering or the financing of terrorism of new or developing technologies, in connection with products, business practices or distribution mechanisms.

16 TITLE V DECLARATION OF SUSPICION Article 12: Banks, Financial Institutions and Financial Services of Algérie Poste shall be subject to the legal obligation of declaration of suspicious transactions in accordance with due regulations and require an acknowledgement of receipt of such. Banks, Financial Institutions and Financial Services of Algérie Poste must defer the execution of any transaction when it relates to capital which seem resulting from infringement or intended for money laundering and/or the financing of terrorism and declare the infringement to the Financial Information Processing Unit of (CTRF) Declaration of suspicion shall be made as soon as any suspicion is detected even if it has proved impossible to order a stay of execution of the transactions or subsequently, of their achievement. Any element liable to reinforce the suspicion or to invalidate it shall forthwith be notified to the Financial Information Processing Unit (CTRF). The declaration of suspicion shall be made in accordance with the prescribed specifications. Banks, Financial Institutions and Financial Services of Algérie Poste shall strictly adhere to the protective measures enacted by Article 18 of the Law relating to the fight against money laundering and the financing of terrorism. They shall ensure its enforcement. Article 13: The procedures for the reporting of suspicious transactions should be clearly stated in writing by each Bank, Financial Institution and Services of Algérie Poste and notified to their personnel. Besides, such internal procedures must determine the conditions of declaration of suspicion to the Financial Information Processing Unit (CTRF). Article 14: The declaration of suspicion is intended solely for the Financial Information Processing Unit (CTRF). The declaration of suspicion and any actions following it shall be considered as professional secrecy and should not be communicated to the client or beneficiary of the transactions. Article 15: Pursuant to the Law, Banking secrecy is not demurrable to the Financial Information Processing Unit (CTRF).

17 Article 16: The law shall protect the declaring parties who proceeded in good faith, from any legal proceedings and from any civil or criminal administrative responsibility. Such provision shall be notified to the personnel. TITLE VI ELECTRONIC TRANSFERS AND FUNDS AVAILABILITY Article 17: In the context of electronic transfers, regardless of the support used, (SWIFT, ARTS, ATCI etc ) and /or provisions of funds, Banks, Financial Institutions and Financial Services of Algérie Poste, shall ensure the accurate identification of the ordering party and the beneficiary, as well as that of their address. Managers of payments systems and direct or indirect operators must have an automatic system for identifying clients and transactions; it shall concern entities or persons already on pre-established lists. TITLE VII INFORMATION AND TRAINING Article 18: Bank, Financial Institutions and Financial Services of «Algérie Poste», must set up an ongoing training program adequately preparing its personnel to the knowledge of devices set up to fight against money laundering and the financing of terrorism. The schedule and content of the sessions organized shall be adapted to the specific requirements of the institution. Article 19: Banks, Financial Institutions and Financial Services of Algérie Poste shall mandate at least one senior officer responsible for ensuring conformity of these measures with respect to the fight against money laundering and the financing of terrorism. The latter shall act as a correspondent to the Financial Information Processing Unit (CTRF) and shall be responsible for ensuring their compliance with policies and procedures regarding the fight against money laundering and the financing of terrorism. Banks, Financial Institutions and Financial Services of Algérie Poste shall ensure that the procedures are communicated to all the personnel and shall allow each agent to report any suspicious transaction to the officer responsible for the compliance with rules regarding the fight against money laundering and the financing of terrorism. An annual report of the suspicious transactions shall be sent to the Bank Commission.

18 Article 20: Banks, Financial Institutions and Financial Services of Algérie Poste need to define in a document, the criteria of ethics and professionalism as regards said declarations. This document is necessarily brought to the attention of all of the personnel. TITLE VIII- BRANCHES AD SUBSIDIARIES Article 21: Banks and Financial Institutions should ensure the application of the provisions of this regulation by their branches and subsidiaries abroad, insofar as laws and regulations of host country allow for. Otherwise, they shall refer to the Banking Commission. TITLE IX- INTERNAL CONTROL Article 22: As provided for in Article 1 of this regulation, the program of prevention, detection and fight against money laundering and the financing of terrorism shall be part of the internal control system of Banks, Financial Institutions and Financial Services of Algérie poste. A report shall be sent to the Banking Commission annually. TITLE VII- ROLE OF EXTERNAL CONTROL BODIES OF BANKS, FINANCIAL INSTITUTIONS AND FINANCIAL SERVICES OF ALGERIE POSTE Article 23: Auditors shall assess the compliance of internal mechanisms of prevention and fight against money laundering and the financing of terrorism set up by Banks, Financial Institutions and Financial Services of Algérie poste, with reference to normative and prudence practices in force. An annual report shall be sent to the Banking Commission. Article 24: The inspectors of the Bank of Algeria appointed by the Banking Commission and acting within the framework of onsite and offsite controls, shall immediately transmit a report, under cover of the hierarchy, to the Financial Information Processing Unit (CTRF) as soon as they detect a transaction that presents the features specified in Article 10 of this regulation.

19 SANCTIONS Article 25: The Banking Commission shall ensure that Banks, Financial Institutions and Financial Services of Algérie poste have set up adequate policies, practices and procedures, namely strict criteria for the knowledge of their clients and the transactions thereof, the detection and monitoring including the declaration of suspicion; ensuring a high level of ethic and professionalism. The Banking Commission shall inquire about the existence of the report mentioned in Article 10 of this Regulation. In case of failure, disciplinary proceedings may be undertaken by the Banking Commission against Banks and Financial Institutions and by the relevant authority with regards to exchange offices and financial services of Algérie poste. TITLE XI- EXCHANGE OFFICES Article 26: Authorized foreign exchange offices shall adopt measures to identify their clients and vigilance towards operations thereof. They are subject to the obligation to inform and train their agents and to the declaration of suspicion to the Financial Information Processing Unit (CTRF). TITLE XII- FINAL PROVISIONS Article 27: The Banking Commission and the Bank of Algeria shall issue when required guidelines and ensure a feedback from the application of national measures on the prevention and fight against money laundering and the financing of terrorism. Article 28: This regulation repeals and replaces Regulation of Dhou kaada 13 th, 1426 corresponding to December 15 th, 2005 relating to the prevention and fight against money laundering and the financing of terrorism. Article 29: This regulation shall be published in the Journal official of the Peoples Democratic Republic of Algeria. The Governor Mohammed LAKSACI