The Presidency of the State Division organized a gathering to current scientific steerage on strategies of analysis and investigation of crimes associated to cash laundering and terrorist financing.

The information supplies felony justice practitioners with a nationwide and worldwide authorized framework for combating cash laundering and terrorist financing, in addition to an outline of the felony investigation course of for a lot of these crimes as required by the Monetary Motion Activity Power (FATF), worldwide requirements and agreements and resolutions Safety Council.

The doc, which is a part of Morocco’s ongoing efforts on this space, goals to implement the motion plan authorized by the FATF Enhanced Monitoring Group.

Talking on this event, the Legal professional Common of the King within the Court docket of Cassation, the President of the Ministry of State, El Hassan Daki, recalled the promulgation a yr and a half in the past of Regulation No. 12-18, which strengthened the nationwide authorized system and institutional framework within the battle in opposition to cash laundering and terrorist financing, in addition to the evaluation Morocco on this subject for the final 4 years, made by FATF specialists for North Africa and the Center East.

Thus, the management of the prosecutor’s workplace and different regulation enforcement businesses are engaged on the implementation of a lot of initiatives aimed toward enhancing the effectivity and high quality of judicial investigation, monitoring, arrest and confiscation of proceeds of crime. Along with intensifying parallel monetary investigations, mechanisms of worldwide cooperation and coordination with all our bodies concerned within the battle in opposition to cash laundering and terrorist financing, led by the Nationwide Monetary Intelligence Company (ANRF), he emphasised. .

After highlighting the agreements signed between the Presidency of the Ministry of State, the Authority for Capital Markets of Morocco (AMMC), the Chamber of Accounts, Financial institution Al Maghrib and ANRF, he famous that the cooperation with the Authority concerning requests for data, contributed to the truth that prosecutors may use the providers , obtainable to the Authority, with instant and safe alternate of monetary data.

As well as, he mentioned that the cooperation with Financial institution Al-Maghrib made it doable to create a help mechanism for parallel monetary analysis and acquiring monetary data in a short while, which is mirrored within the efficiency indicators of the Prosecutor’s Workplace and the Judicial Police was the topic of two circulars issued by the Presidency of the Prosecutor’s Workplace on November 19, 2019 .and 30 April 2021, thus recording a rise within the variety of circumstances, rising from 55 in 2018, when Morocco was topic to the FATF evaluation, to 850 circumstances in 2022.

And to conclude that this scientific information accommodates a set of greatest practices within the subject of combating cash laundering and terrorist financing, and traces the trail of analysis and investigation in accordance with worldwide requirements, specifically FATF requirements.

On his half, the President of ANRF, Jawhar Nfisi, famous that the steerage is the fruit of the continued efforts of the President of the Ministry of State, referring to the go to that shall be carried out by a bunch of specialists from the FATF from January 16 to 18, 2023.

And observe the progress made by the nationwide anti-money laundering and countering the financing of terrorism system over the previous 4 years, notably by way of compatibility with related worldwide requirements at legislative or regulatory ranges or by way of effectiveness.

To this finish, he recalled the significance of two circulars of the Presidency of the Prosecutor’s Workplace, which established the precept of parallel investigation as the principle process offered for by worldwide requirements within the subject of cash laundering and terrorist financing. , noting the territorial enlargement of jurisdiction in cash laundering circumstances — within the courts of Casablanca, Fez and Marrakesh, whereas it was unique within the Court docket of First Occasion of Rabat.

Based on Nfisi, the method of mutual analysis of the respective nationwide techniques by specialised worldwide our bodies is now not an occasional course of, however is taking over the character of continuity.

The ANEF Council, because the nationwide coordinator on this subject, has revealed a five-year strategic plan, which incorporates continued actions to enhance the effectivity of the nationwide system and intensify cooperation and coordination between the Workplace and the our bodies chargeable for the applying of the regulation on the one hand, and between the Workplace and supervisory and management authorities, alternatively, in accordance with a proactive method to the preparation of future assessments, he concluded.

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