First Independent Mena Newspaper
Morocco’s central bank, Bank Al-Maghrib (BAM), has published this week the first version of its practical guide on the fight against money laundering and the financing of terrorism (AML-CFT). This guide, which is part of efforts to raise public awareness about the risks of money laundering and terrorism financing, explains what money laundering and terrorism […]
The Financial Action Task Force (FATF), a global financial crime watchdog, has included Algeria in the list of money laundering & terrorism financing countries. The FATF has made the decision during its plenary meeting held lately in Paris with the participation of delegates from the FATF’s Global Network of over 200 jurisdictions and observers from […]
A Tunisian investigating judge ordered Monday the liberation of former Prime Minister Hamadi Jebali but requested his appearance on July 20 for hearing in connection with an investigation into an alleged money laundering and terrorism financing case. His son-in law and the son of Rached Gannouchi, the Speaker of the dissolved Parliament and leader of […]
The Egyptian judiciary has issued a notification to Interpol to include six Muslim Brotherhood leaders on a “red notice” for smuggling funds abroad to finance terrorism, Arab News reports. The Supreme State Security Criminal Court decided to notify Interpol in order to track the leaders, arrest them and hand them over to Egyptian authorities. Wanted […]
Tunisia’s Anti-terrorism commission, CNLCT, announced Monday it froze the assets of three Tunisians who allegedly funded terrorism activities, reports say. The CNLCT told state-run news agency TAP that the three individuals, whose names have not been disclosed, physically financed terrorism activities. Tunisia has set up the CNLCT to prevent terrorism in a country that witnessed […]
The European Union has removed Tunisia from its list of countries that pose threats to the financial system over money laundering and terrorism financing because of lack of legislation at home. The European Commission reviewed on Thursday the list of high-risk third countries with strategic deficiencies in their regime regarding anti-money laundering and countering terrorist […]
Morocco is tightening the noose on organized crime with the upcoming launch of a national strategy to fight money laundering as well as terrorism financing, head of the government Saad Dine El Otmani said. The strategy would facilitate a better coordination of actions between different departments, said El Otmani at a national conference on the […]
Three French nationals, including one of Algerian origin, were arrested Monday (Feb. 11) in Salé, Rabat’s twin city, for their alleged involvement in the financing of terrorism and for links with fighters operating in Syria and Iraq. Investigations revealed that the suspects have forged close ties with fighters of the Islamic State terror group (ISIS), […]
The scale of the informal market in Algeria dominated by cash transactions make it hard to counter terrorism financing, the U.S. department of state said in a report. “Foreign exchange restrictions and distrust of banks push Algerians to cash transactions and informal currency-exchange markets,” the U.S. State Department said in the Country Reports on Terrorism […]
Morocco’s Financial Intelligence Processing Unit (Unité de traitement du renseignement financier/UTRF) has received an updated blacklist of individuals wanted for money laundering and terrorism financing. The list, which includes Moroccans, should be submitted to the Attorney General of the Rabat Court of Appeal, which has the exclusive right to decide on financial crimes related to […]