Morocco To Launch National Strategy To Fight Money Laundering

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Morocco is tightening the noose on organized crime with the upcoming launch of a national strategy to fight money laundering as well as terrorism financing, head of the government Saad Dine El Otmani said.

The strategy would facilitate a better coordination of actions between different departments, said El Otmani at a national conference on the means to combat money laundering and terrorism financing.

So far Morocco has used sector-based mechanisms to fight laundering that shall offer a basis for the national comprehensive strategy, he said, adding that Morocco makes sure to adapt its legislation to the norms of the Financial Action Task Force.

Morocco is also about to adopt the national risk assessment report that will be transmitted to relevant administrations in order to trigger appropriate measures, he said.

Read the original article here: northafricapost.com


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