Algeria has Long Way to Go to Counter Terrorism Financing- U.S. Report
“Foreign exchange restrictions and distrust of banks push Algerians to cash transactions and informal currency-exchange markets,” the U.S. State Department said in the Country Reports on Terrorism 2017.
“Media reports suggest the scale of the informal market grew, partly in response to government import limitations. Multiple fiscal initiatives by the government have failed to motivate illegal traders to formalize their businesses,” reads the report in a section on countering the financing of terrorism.
Despite efforts to avert terrorist attacks in Algeria, “al-Qaeda in the Islamic Maghreb (AQIM), AQIM-allied groups, and ISIS elements, including the Algerian affiliate locally known as Jund al-Khilafah in Algeria (JAK-A or Soldiers of the Caliphate in Algeria), remained in the country.”
“These groups aspired to impose their interpretations of Islamic law in Algeria and to attack Algerian security services, local government targets, and Western interests. Terrorist activity in Libya, Tunisia, and Mali contributed to the overall threat,” the report said.
The report also insinuated to the need for a more active engagement of Algeria in international counterterrorism efforts saying “Algeria is not a member of the Global Coalition to Defeat ISIS, although it observed some coalition meetings.”
In 2017, two Jund al-Khilafah claimed responsibility for attacks on security forces while AQIM continued attacks using improvised explosive devices (IEDs), bombings, false roadblocks, and ambushes, the report added.
The report also underscores the lack of bilateral and regional counterterrorism cooperation in 2017 between Morocco and Algeria, which supports separatism in the Sahara.
The U.S. Department of State pointed out to the existing terrorist threat in the Sahel, which requires further cooperation at the bilateral and multilateral level.