MOROCCAN BANKS AND STATE DEVELOP STRATEGIES TO FIGHT MONEY LAUNDERING
July 1st, 2016
MOROCCO has avoided the chaos suffered by many other Arab countries as a result of the Arab Spring, but while has been tightening its anti-money laundering and combatting the financing of terrorism (AML/CFT) measures, experts say significant reforms are still required. The International Monetary Fund’s financial system stability assessment of Morocco, issued in February 2016, pointed out that the north African country’s “bank supervision is effective and improving”, and that a law No 103.12 on similar credit institutions and organisations, ...
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