The Functional Role of the Algerian Financial Intelligence Processing Unit in Parallel Financial Investigations

Abstract

The Algerian legal framework has significantly evolved to combat financial and economic crimes, aligning with international standards, particularly in addressing money

laundering, terrorist financing, and corruption. This evolution is marked by the establishment of the Algerian Financial Intelligence Processing Unit (FIPU) and the adoption of the parallel financial investigation mechanism under Law No. 05-01.

This study highlights the complementary relationship between FIPU as a central actor in monitoring financial activities and parallel financial investigations, which aim to trace and dismantle illicit financial flows. The findings emphasize that FIPU plays a key role in initiating and supporting these investigations by providing essential financial intelligence, thereby enhancing cooperation with law enforcement authorities.