Algeria: Notaries warn against mafia and terrorists falsified contracts used in money laundering

EL KHABAR-Some notaries have expressed concern as no database containing contracts and registrations of title deeds allowing them notifying real estate contracts, such a database will allowing them sealing contracts, and avoiding committing mistakes, while securing the law of the economical operations.

The legal security of the economic operations has been the main topic approached during a follow-up seminar sponsored by the Ministry of Justice, benefiting for notaries, such a seminar has been held in the framework of the cooperation program for justice reform, between Algeria, and the EU. Several notaries and real estate law specialists from Spain, and Algeria, have been present.
In its intervention, a Spanish specialist in real estate and economical operations contracts has stressed on the close relationship that should exist between notaries and the authorities, in view of baring the way to falsification operations.
According to a security services report, some terrorists have managed benefiting from leases, real estate contracts, and commercial investments. One of the main cases has been unveiled in Boumerdès central province, after a deep investigation, the money amount has been recuperated by the security services.
In his turn, another Spanish specialist has called on the notaries to learn the documents and the contracts thoroughly to avoid misinterpreting the content, to face up the organized crime group’s falsification attempts.

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