Procedure for freezing and/or seizing funds in the context of preventing and combating the financing of terrorism and the financing of the proliferation of weapons of mass destruction
The Executive Decree 25-101 of March 12, 2025, determines the procedures for freezing and/or seizing funds provided for by Law n°. 05-01 of February 6, 2005, amended and supplemented, relating to the prevention and combating of money laundering and the financing of terrorism, within the framework of the implementation of the relevant resolutions of the United Nations Security Council.
In this framework, the Financial Intelligence Processing Unit (CTRF, from its French acronym) is responsible for publishing on its official website the consolidated list of sanctions and any updates to it by addition, deletion or amendment, as soon as they are issued and published on the official website of the United Nations Security Council and disseminates them by all means it deems appropriate, even if the date of publication coincides with a public holiday or a weekend.
The executive bodies and officers are required to regularly and continuously consult the consolidated list of sanctions or its updates by addition, deletion or modification, published on the official website of the CTRF and also on the official website of the United Nations Security Council, in order to take the necessary measures to prohibit the activity of the person or entity included in the consolidated list of sanctions and to seize and/or freeze its funds.
Without prejudice to other legal means of notification, the publication of the consolidated sanctions list on the CTRF's official website constitutes notification to enforcement officials to initiate the procedure for freezing and/or seizing the funds and assets of the individuals and entities included on the list and to take appropriate measures to prohibit their activities.
Executive bodies and officers are required to immediately, without delay, and without prior notice, freeze and/or seize the funds of the individuals and entities included on this list, even if this occurs on a public holiday or weekend.
Financial institutions, designated non-financial businesses and professions, associations, and regulatory, supervisory, and/or control authorities are required to register on the official website of the CTRF and provide an email address to receive notifications regarding inclusion on the list and/or updates to it.
Further information on this procedure is available on the CTRF website, the link to which is given below: https://ctrf.mf.gov.dz