ma Morocco

New Documents

The Governments of U.S., Italy, Morocco, and Saudi Arabia issued a joint statement following the meeting of the Global Coalition to Defeat Daesh/ISIS Africa Focus Group.

The Executive Office of Anti-Money Laundering and Counter Terrorism Financing of the United Arab Emirates signed a memorandum of understanding with the National Financial Intelligence Authority of Morocco.


Enforcement Actions

0 Items Found

Important Facts

  • The U.S. State Department classifies Morocco as a major money laundering country. Money laundering vulnerabilities in Morocco stem from a large informal sector that is cash-based and includes a high volume of remittances and international trafficking networks. Morocco's geographic location between Europe and Africa make it a conduit for smuggling, drug trafficking, human trafficking, and illegal migration. Unlawful trade in Moroccan-grown cannabis and the trafficking of cocaine from Latin America to Europe via Morocco also generate illicit profits. Launderers transfer funds through real estate and jewelry purchases. Other vehicles through which illicit funds may be transferred include: international casinos, particularly since such businesses do not have any currency control restrictions; unregulated hawalas; and bulk cash smugglers. Additionally, money transfer services present money laundering vulnerabilities due to their volume. In 2019 and 2020, prosecutors convicted 62 cases of money laundering. Morocco continues to classify money laundering as a misdemeanor.
Source: 2021 International Narcotics Control Strategy Report (INCSR)


FATF i | 2013 Methodology

Technical Effectiveness
Compliant : 2 High : 0
Largely Compliant : 10 Substantial : 1
Partially Compliant : 24 Moderate : 7
Non-Compliant : 4 Low : 3
Not-Applicable : 0


Rank : 59/110
Score : 5.32/10


Rank : 86/179
Score : 40/100

Tax Justice Network i

Rank : 72/133
Score : 69\100