BAFT

Covid-19: Wearing facemasks compulsory, recalcitrant people face sanctions

Moroccan public authorities have announced that wearing facemasks in public and at work place will be compulsory as of this Tuesday March 7 for all people authorized to go out of their homes and that breakers of the decision will face sanctions.   The measure, taken as part of efforts aimed at stopping the spread […]

Morocco, Libya discuss cooperation in fighting financial crimes

The strengthening of cooperation between Morocco and Libya in the fight against financial crimes was at the focus of a meeting between public prosecutor at the Court of Cassation, president of the Public Prosecutor’s Office, El Hassan Daki, and chairman of the Administrative Control Authority in Libya, Suleiman Al-Shanti. During this meeting, Daki gave an […]

What leaving FATF grey list means for Morocco

Morocco has taken measures to improve financial transparency and protect its economy against money laundering and terrorism financing, earning a well-deserved exit of the grey list of the Global financial crime watchdog Financial Action Task Force. The Moroccan government welcomed the FATF decision which will “positively impact the sovereign and local bank ratings in addition […]