Morocco Tightens Border Controls: New Law Requires Declaration of Funds Over 100,000 Dirhams

This measure, contained in the new 2022 Finance Act, is part of Morocco’s tightening of controls against money laundering and terrorist financing, according to an ADII press release.

The amendment establishes the obligation to declare commercial effects, means of payment and financial instruments denominated in foreign currency, upon entry or exit from the territory, when their value is equal to or greater than 100,000 dirhams.

Thus, all Moroccans and foreigners will be required to fill out a document at the border when the amount transported exceeds 100,000 dirhams.