FATF Adds Morocco to Watchlist for Money Laundering Concerns

This decision was made during a plenary meeting. During this meeting, the intergovernmental body placed Senegal, Burkina Faso, the Cayman Islands and Morocco on the gray list of countries with "strategic deficiencies, but which have committed to improving their situation through the implementation of action plans within set deadlines.

Unlike Barbados and Jamaica, which have made no effort, Albania, Burma, Botswana, Cambodia, Ghana, Mauritius, Nicaragua, Pakistan, Panama, Uganda and Zimbabwe have made significant progress since the FATF’s previous meeting in October.

As for Iran and North Korea, they remain on the black list of non-cooperative countries in the fight against money laundering, terrorist financing and the proliferation of weapons of mass destruction.