Morocco Aims to Exit FATF Gray List by Strengthening Anti-Money Laundering Measures

The intergovernmental body for combating money laundering and terrorist financing had kept Morocco on the list of countries with shortcomings in national laws relating to the fight against money laundering and terrorist financing, "but which have committed to implementing action plans within the allotted time to improve their conditions".

In a statement following the second Quarterly Council of the Central Bank, Wali Abdellatif Jouahri expressed his wish to see Morocco leave this list by September, stressing that efforts are being made by institutions such as the Central Bank, customs, the public prosecutor’s office and the Ministry of Economy and Finance.

"We are in the final stages of the journey to respond to the recommendations of this body, and we hope to leave the gray list in September," he confided.