MRE bank accounts France Morocco financial agreement explained

The announcement of a bilateral agreement, sealed on May 20, has revived fears of banking surveillance within the diaspora. This concern is however unfounded: the system focuses strictly on major crime and money laundering. Concluded during the Paris summit "No money for terror" between French minister Roland Lescure and his Moroccan counterpart Nadia Fettah Alaoui, this pact allows Tracfin and the National Financial Intelligence Authority (ANRF) to communicate smoothly. This regular exchange of experiences concerns only the reporting of "suspicious financial operations," ruling out any generalized surveillance of family savings.

On Bladi.net : Construction Firms Under Investigation for Suspected Money Laundering Scheme

The true targets of investigators are light-years away from ordinary savings. Facing more than 70 delegations, authorities emphasized the urgency of tracking cryptocurrencies, often diverted to escape controls. The objective is to apply the recommendations of the Financial Action Task Force (FATF) so that counter-terrorism services systematically access data on these virtual currencies.