Algeria Money
Table of Contents
Smuggling Drug Cash from U.S. to Mexico: Operation Money ClipPolitically Exposed Persons and Money Laundering ... Money Laundering via Gold Smuggling ... Revision of the FATF Forty Recommendations on Money Laundering ... [Read More]
Money Laundering and Financial Crimes
(1) As DEA also points out, "In some cases, the agent (business) may represent a variety of remittance companies. When this is the case, the agent may suggest dividing the deposit, sending a portion with each of the represented businesses (companies). Thus, detection is increasingly challenging."Federal authorities at the conference also highlighted the recent growth of smaller independent remitters (beyond the more established Western Union and MoneyGram systems), particularly of those providing service to and from Mexico. DEA reported that although these remitters provide important legitimate services to migrant worker populations, the location of these businesses, "do not necessarily parallel the employment centers for these laborers. Rather, it appears that the agent locations are primarily located in states without regulations governing the money services industry." ... [Read More]
Money Laundering - Economic Perspectives - May 2001 - State Department
A government (e.g., the United States or the United Kingdom) can have comprehensive laws on its books and conduct aggressive anti-money-laundering enforcement efforts but still be classified a "Primary Concern" jurisdiction. In some cases, this classification may simply or largely be a function of the size of the jurisdiction's economy. In such jurisdictions, the volume of money laundering is likely to be substantial, necessitating quick, continuous, and effective anti-money-laundering efforts by the government. Primary Concern jurisdictions will therefore likely receive priority attention from the United States. While the threat from jurisdictions classified under "Concern" is not as acute, they too must undertake efforts to develop or enhance their anti-money-laundering regimes. Finally, while jurisdictions in the "Other" category do not pose an immediate concern, it will nevertheless be important to monitor their money laundering situations because, under the right circumstance ... [Read More]
Algeria
Some killings also were attributed to revenge, banditry, and land grabs. The violence took place primarily in the countryside, as the security forces largely have forced the insurgents out of the cities. The killing of civilians often was the result of rivalry between terrorist groups and to facilitate the theft of goods needed by the armed groups. Violence by terrorist groups also is used to extort money. In April the independent press reported the Government's discovery of documents used by a terrorist group to track the "Islamic Tax" or money paid by individuals to the terrorist groups to avoid violent reprisals. As well as the use of small bombs, terrorist tactics included creating false roadblocks outside the cities, often by using stolen police uniforms weapons, and equipment. After his 1999 election, President Bouteflika acknowledged that a more accurate accounting of the number of persons killed during the previous 8 years placed the total at about 100,000. ... [Read More]
Algeria
Armed terrorists entered private homes either to kill or kidnap residents or to steal weapons, valuables, or food (see Section 1.a.). After massacres that took place in their villages, numerous civilians fled their homes. Armed terrorist groups consistently used threats of violence to extort money from businesses and families across the country. Section 2 Respect for Civil Liberties, Including: a. Freedom of Speech and Press The Constitution provides for freedom of speech and press; however, the Government restricted these rights in practice. The Penal Code imposed high fines and prison terms of up to 24 months for defamation or "insult" of government figures, including the President, members of Parliament, judges, members of the military and "any other authority of public order." Those convicted face prison sentences that range from 3 to 24 months and fines of $715 to 7,150 (50,000 to 500,000 dinars). During the year, at least 96 prosecuti ... [Read More]
M) Money Laundering and Financial Crimes
The following are summaries of the most significant priority issues:Refocus Efforts of High Intensity Financial Crime Areas (HIFCAs). HIFCAs are special, high-risk areas or sectors where law enforcement will concentrate its resources and energy to combat money laundering. The 2001 Strategy mandated that the HIFCA task forces become operational and conduct investigations designed to result in indictments, convictions, and seizures, rather than focus primarily on intelligence gathering. Each of the six HIFCA Task Forces is now actively working cases. HIFCA Task Forces are composed of, and draw upon, all relevant federal, state, and local agencies. The Departments of Treasury and Justice jointly supervise the HIFCA Task Forces, and the 2001 Strategy primarily tasks the Federal Law Enforcement Training Center (FLETC) and Justice’s Asset Forfeiture and Money Laundering Section to develop an advanced money laundering training program to enhance the HIFCA Task Forces’ abili ... [Read More]
Algeria
Armed terrorists entered private homes either to kill or kidnap residents or to steal weapons, valuables, or food (see Section 1.a.). After massacres that took place in their villages, numerous civilians fled their homes. Armed terrorist groups consistently used threats of violence to extort money from businesses and families across the country. ... Armed groups committed numerous serious abuses and killed hundreds of civilians, including infants. While such violence continued to decrease, it did not decrease at the same rate as in 2001. Armed terrorists continued their widespread campaign of insurgency, targeting government officials, families of security-force members, and civilians. The killing of civilians often was the result of rivalry between terrorist groups and to facilitate the theft of goods needed by the armed groups. Violence was also used by terrorist groups to extort money. ... [Read More]
V. Country Narratives -- Countries A through G
Guinea is a source, transit, and destination country for women and children trafficked for the purposes of sexual exploitation and forced labor. Guinean girls are trafficked internally for forced labor as domestic servants and boys for shoe shining and street vending. Some children are also trafficked for forced labor in agriculture and diamond mining camps. Women and girls are trafficked to Cote d’Ivoire, Benin, Senegal, Nigeria, South Africa, Spain, and Greece for sexual exploitation. On a smaller scale, men are trafficked for forced labor in agriculture. Guinea is a destination country for forced child labor from Mali, Guinea-Bissau, Sierra Leone, and Senegal. The Government of Guinea does not fully comply with the minimum standards for the elimination of trafficking; however, it is making significant efforts to do so. Guinea is placed on Tier 2 Watch List for its fail ... [Read More]
Algeria
Algeria is a multi-party republic based on a constitution and a presidential form of government. The head of state is elected by popular vote to a 5-year term. The President has the constitutional authority to appoint and dismiss cabinet members, as well as the prime minister, who acts as the head of the Government. The president also serves as Commander in Chief of the Armed Forces. President Bouteflika, elected in 1999 in an uncontested election, completed a full term in office, the first president to do so since the adoption of the multi-party system in 1989. In Algeria's first democratic, contested presidential elections, he was re-elected in April from among five other candidates while the military remained neutral. The security apparatus comprises the army, consisting of ground, naval, and air defense forces; the national gendarmerie; the national police; communal guards; and local self-defense forces. All of these elements ... [Read More]
Calendar of Events
Amman, JordanPartnership for Financial Excellence Regulators' Training Course on Anti-Money Laundering ... [Read More]
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