The Financial Action Task Force (FATF), an international money laundering and terrorist financing watchdog, has removed Algeria from its “grey list” during its meeting in Paris on June 19th. Algeria was initially added to the list in October 2024. The FATF, established in 1989 at the G7 summit, monitors countries’ compliance with international standards to combat financial crimes. Removal from the grey list signifies improved measures by Algeria to address deficiencies in its anti-money laundering and counter-terrorist financing frameworks. This decision is expected to improve Algeria’s access to international financial markets and attract foreign investment. The move follows a positive assessment of Algeria’s reforms and commitment to complying with FATF recommendations. This delisting is anticipated to have a positive impact on the Algerian economy.