Does Algeria implement an autonomous sanctions regime?
As a member country of The Arab League, it has approved sanctions on Syria. These include:
cutting off transactions with the Syrian central bank
halting funding by Arab governments for projects in Syria
a ban on senior Syrian officials travelling to other Arab countries
a freeze on assets related to President Bashar al-Assad’s government
As well, Algeria has sanctions against Al Qaeda preventing designated individuals from entering or passing through Algeria, using flag vessels or aircraft, selling or supplying certain goods, or selling weapons.
What is the nature of the sanctions regime in Algeria?
Algeria has implemented several laws in order to implement UN sanctions, whether in relation to general sanctions or specific, targeted ones. For example, with regards to the UNSC list of persons, groups or entities subject to sanctions pursuant to UNSCR 1452 (2002), “Executive Decree N°15-113 on the procedure of freezing and/or seizure of funds and assets within the framework of prevention and fight against terrorist financing and its text of application: Order N°45 of 31 May 2015” relates to procedures for freezing and/or seizing funds of persons, groups and entities reported on that list.
Does Algeria maintain a list of sanctioned individuals and entities?
Are there any other lists related to sanctions?
Does Algeria have a licensing or authorization system in place?
What are the consequences for a breach of sanctions in Algeria?
Who are the relevant regulators in Algeria and what are their contact details?
The Arab League has not yet established an effective mechanism for managing and controlling the sanctions which it imposes. Algeria is also yet to establish a formal regulator to oversee its sanctions regime.
Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.