Morocco Bolsters Anti-Money Laundering Efforts with New Financial Intelligence Agency

The organization of the National Financial Intelligence Authority will have the mission of applying the resolutions of the United Nations Security Council relating to terrorism and its financing, La Vie éco reports. In accordance with the provisions of Article 14 of Law No. 43.05 on the fight against money laundering, as amended and supplemented by Law No. 12.18 on the creation of an ANRF with the Head of Government, this body has been set up following the recommendations contained in the mutual evaluation report of the national system for combating money laundering, the financing of terrorism and the proliferation of weapons. A report from the Financial Action Task Force for the Middle East and North Africa.

This group had called for the upgrading of the Financial Intelligence Processing Unit (UTRF) by strengthening its capacities and providing it with the necessary human and financial resources, the UTRF being the only Moroccan entity for the fight against money laundering and the financing of terrorism.