(6)Algeria made a high-level political commitment in October 2024 to work with the FATF and the Middle East and North Africa Financial Action Task Force (MENAFATF), which is its FATF-style regional body (‘FSRB’), to strengthen the effectiveness of its AML/CFT regime. Since the adoption of its mutual evaluation report (MER) in May 2023, Algeria has made progress on many of the actions recommended in the MER, including by more effectively pursuing money laundering (ML) investigations and prosecutions. Algeria will continue to work with the FATF to implement its action plan by: improving risk-based supervision, especially for higher risk sectors, including through the adoption of new procedures, risk assessments, supervision manuals and guidelines, as well as undertaking inspections and applying effective, proportionate and dissuasive sanctions; developing an effective framework for basic and beneficial ownership information; enhancing its regime for suspicious transaction reports (STR); establishing an effective legal and institutional framework for targeted financial sanctions (TFS) for terrorism financing (TF); and implementing a risk-based approach to oversight of non-profit organisations (NPOs), without disrupting or discouraging legitimate activity. While recognising and welcoming the commitment and progress made by Algeria so far, and encouraging further efforts, the Commission concludes that Algeria has not yet fully addressed the concerns that led to its addition to the FATF’s list of ‘Jurisdictions under Increased Monitoring’. Algeria should therefore be considered a high-risk third country.