Morocco Climbs in Global Anti-Money Laundering Rankings, Study Shows

Morocco has made qualitative leaps this year in the fight against money laundering and terrorist financing (AML/CFT), according to this global ranking. The kingdom has moved from 51st place in 2021 to 64th place with a score of 5.16.

Carried out by the Basel Institute of Governance, this ranking covered 128 countries. The scores, ranging from 0 to 10, were assigned to each country based on criteria such as financial transparency and the existence of strict legislation that encourages effective action against money laundering and terrorist financing.

In the Middle East and North Africa (MENA) region, Morocco is ahead of the United Arab Emirates and Saudi Arabia, but remains less effective in this fight than Jordan, Tunisia, Egypt and Bahrain.

The report notes, however, a decline in terms of corruption and bribery, public transparency and accountability, and political and legal risks. The countries at the top of this ranking are Finland, Andorra, Sweden, Iceland and New Zealand. The Democratic Republic of Congo, Haiti, Burma, Mozambique and Madagascar bring up the rear.