E-commerce funds under the microscope of censorship – Al-Hiwar Al-Jazaeryia

Participants in the work of a study day on “preventing and combating money laundering and terrorist financing as a mechanism to protect the national economy” recommended the enactment of laws that allow monitoring the flow of money in electronic commerce that departs from monitoring the financial system of financial institutions, specifying the method of notification of suspicion, as well as defining the elements of judicial delegation Accurately in terms of its subject matter and the identity of the persons concerned in dealing with the judicial authorities and the Financial Inquiry Cell or judicial cooperation.

The study day, which was hosted by the Tipasa District Council, and in which specialists from the justice sector and the security services and specialized professors participated, concluded with the need to enact laws that allow monitoring electronic commerce activities, and culminated in recommendations to protect the national economy by combating money laundering and terrorist financing and working to define practical and legal standards to activate the rules Prudence and caution in the field of financial institutions and the professions subject to them, as well as defining the legal rules that distinguish between justified and unjustified transactions.

The final recommendations of the forum also indicated the necessity of avoiding generality in defining standards and working on defining them accurately, and for those subject to the obligation to report suspicion from professionals who do not have databases for personal verification of the one who made the financial suspicion and the beneficiary from it, it is necessary to work on finding a way to achieve a link between the databases and the investigation.

With regard to the financial inquiry cell, the specialists recommended the need to review the data of the form related to the notification of suspicion currently in force, due to a deficiency in the data it contains in identifying funds or persons under suspicion, as well as distinguishing between the form for financial institutions and the form for other professions subject to obligation, in addition to the need to give The importance of compulsory parallel financial investigation in research and investigation methods to monitor digital trade, to ensure drying up the sources of financing terrorist crimes and money laundering and effective confiscation of the proceeds of crime, as well as accurately defining the elements of judicial delegation in terms of its subject and the identity of the persons concerned, whether it is related to dealings between the judicial authorities and the cell or Judicial cooperation to activate monitoring systems and digital alerts in the field of warning of suspicion and limiting human intervention as an inaccurate criterion.