Algerian Security Forces Dismantle International Drug Money Laundering Network in Sidi Bel Abbes

Algerian security services in Sidi Bel Abbes uncovered and dismantled a transnational criminal network involved in laundering money from illegal drug trafficking, following a financial investigation that led to the seizure of assets exceeding 6.6 billion centimes and the arrest of three suspects.

According to an official statement, the operation falls within ongoing efforts to combat organized crime, particularly by cutting off financial resources used by criminal networks.

The investigation was led by the Economic and Financial Crime Unit of the Sidi Bel Abbes security services. Authorities identified a transnational organized group that attempted to launder drug trafficking profits through commercial transactions and fraudulent export operations.

The case originated from an earlier security operation that thwarted a major drug smuggling attempt and resulted in the arrest of key suspects. Following that breakthrough, investigators pursued the network’s financial trail using digital and technical evidence.

The suspects reportedly used falsified bank invoices and false declarations to legitimize illicit funds. These practices caused significant losses to the public treasury, estimated at around €2 million in hard currency.

Seized Assets

Under the supervision of the competent public prosecutor’s office, authorities seized and recovered substantial assets, including:

• €88,800 in foreign currency

• More than 500 million centimes in national currency

• Approximately 1 kilogram of gold jewelry valued at 2.8 billion centimes

• Two tourist vehicles

• One motorcycle

  
  

The suspects were presented before the public prosecutor at the Sidi Bel Abbes court and charged with money laundering as part of an organized criminal group, as well as violations of foreign exchange regulations. Authorities reaffirmed their commitment to pursuing financial crimes and dismantling networks linked to drug trafficking.