The Moroccan Capital Market Authority (AMMC) recently organized two key seminars in Casablanca aimed at combating money laundering (ML) and the financing of terrorism (FT). These events, designed for capital market players, are part of Morocco’s ongoing efforts to strengthen financial security and align with global compliance standards.
The seminars were held in partnership with the National Financial Intelligence Authority (ANRF) and the National Commission for the Application of UN Sanctions (CNASNU). Over a hundred compliance officers and internal auditors from stock brokerage firms, investment management companies, account holders, and financial advisors attended. This strong turnout underscores the commitment of stakeholders to protect the market from financial crime and terrorism risks.
The ANRF outlined the legal framework for anti-money laundering and counter-terrorism financing (AML/CTF) in Morocco. Experts emphasized the importance of suspicious activity reports (SARs), a critical tool for effective monitoring. These reports, filed by regulated entities, help detect and prevent potential laundering and illicit financing activities.
CNASNU provided insights into Morocco’s national system for implementing UN Security Council sanctions. The commission stressed the need for market operators to swiftly adapt to international requirements, as this responsiveness is crucial for maintaining Morocco’s credibility in global financial transactions.
The AMMC also presented the results of its 2024 risk assessment map, which offers a comprehensive analysis of vulnerabilities in the country’s capital markets. This assessment evaluates how various activities measure up against money laundering and terror financing risks and suggests tailored vigilance measures. This effort is essential as Morocco prepares for the next mutual evaluation by the Middle East and North Africa Financial Action Task Force (MENAFATF), scheduled for 2026.
