Morocco Reports Surge in Money Laundering Investigations

In total, 70% of the money laundering investigations opened since 2012 have been settled to date. The courts, for their part, have handed down 21 judgments.

Regarding the assessment of the risks of money laundering (ML) / Terrorist Financing (TF) and the national anti-money laundering framework, it was completed in 2018 with international partners (FATF, World Bank). It is followed by the upgrading of the legislative and procedural framework as well as the continuation of the national framework.

However, there is a real improvement in the operational performance of the bodies responsible for detecting and handling ML/TF cases, mainly the Financial Intelligence Processing Unit (UTRF) and the public prosecutor’s office, not to mention the growing commitment of the entities subject to suspicious transaction reports.