BY: Dr. Hana Saada
Algiers, Algeria | November 08th, 2024 — The General Director of Algerian Union Bank commended the forward-thinking banking reforms in Mauritania, notably Law 2018-036 concerning credit institutions and Law 2019-017 addressing anti-money laundering measures. These remarks were made at the 21st Annual Legal Experts Conference for Banks and Financial Institutions in Abidjan, Côte d’Ivoire, where Algeria’s participation underscored its dedication to establishing secure and innovative banking standards across Africa.
The conference served as an influential forum shaping the trajectory of the African banking sector, with Algerian Union Bank actively engaging in discussions on pressing legal challenges. Key topics included the evolution of judicial precedents in African monetary zones and the new complexities introduced by digitalization and automation within legal and financial processes.
According to a statement from the bank’s media office, Algerian Union Bank’s participation reflects its commitment to fostering a robust and internationally aligned financial framework across the continent, promoting collaboration and adherence to global standards in the African banking industry.
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