عامEchorouk Online2026-08-18 17:5812 مشاهدة

Banks Re-examine Algerian Funds Files And Activities

Banks and financial institutions in Algeria have begun requesting their customers to update their files and data as part of implementing “Know Your Customer” procedures, where providing documents proving identity, residence, activity, and sources of resources has become part of the banking information update process, the nature of the required documents varies according to the status of the customer, whether a natural or legal person, and according to the nature of the banking relationship.

The documents required for natural persons include a valid identity document, proof of residence, and documents proving activity and resources, while legal persons are required to provide company documents, from the articles of association and commercial registry to the identity documents of the legal representative and the beneficial owners, in addition to documents proving residence, activity, and turnover, as part of updating the information and data held by banks about their customers.

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