The Financial Action Task Force (FATF) has removed Algeria from its “grey list” of countries under increased monitoring for money laundering and terrorist financing. The decision was made during a meeting in Paris on June 19th, according to the Algerian Press Service (APS). Algeria was initially added to the list in October 2024, triggering increased scrutiny of its financial systems. The removal indicates that the FATF believes Algeria has made sufficient progress in addressing deficiencies and strengthening its controls. This delisting is expected to improve Algeria’s access to international financial markets and boost investor confidence. The government has been working to implement reforms to meet FATF standards since being placed on the grey list. Further details regarding the specific reforms were not immediately available.