Quai d’Orsay

Morocco Tightens Anti-Money Laundering Rules for Offshore Holding Companies

Morocco’s Exchange Office has published a Circular, introducing new vigilance and internal monitoring obligations for offshore holding companies operating within the kingdom’s offshore financial center framework. Economy and Finance Minister Nadia Fettah signed the circular on July 23, and it took effect immediately, applying under the law on combating money laundering and the law governing […]

There should be no inconsistency between Morocco’s flagship projects and social programs — King Says

King Mohammed VI made it clear at the opening of the fall session of Morocco’s Parliament that there should be no inconsistency between the country’s large-scale development projects and its social protection programs. “The goal is to achieve the country’s development and improve the living conditions of citizens, wherever they may be,” the King said […]

Washington commends Morocco’s role in fighting WMD proliferation

The United States has commended Morocco’s role in the fight against the proliferation of weapons of mass destruction (WMD) in Africa.   The praise was voiced by US Under Secretary of State for Arms Control and International Security, Bonnie Jenkins, during the opening session of the high-level political meeting of the Proliferation Security Initiative (PSI), […]