As part of the efforts made by the Kingdom for the compliance of the national system for the fight against money laundering and the financing of terrorism (AML-FT) with international standards, the foreign exchange office has announced the publication of a new circular relating to the obligations of currency exchange companies.

It takes into account the recommendations of the FATF and the amendments to Law No. 43-05 on AML promulgated by Dahir No. 1-07-79 of 28 Rabii I 1428 (April 17, 2007), as amended and supplemented, by Law No. 12-18 promulgated by Dahir No. 1.21.56 of 27 Chaoual 1442 (June 8, 2021) and texts adopted for its application.

And relates to the obligation of transmission without delay of suspicious transaction reports by currency exchange companies to the National Financial Intelligence Authority (ANRF) and the communication by these subjects to the ANRF and to the National Commission in charge of the the application of the sanctions provided for by the resolutions of the Security Council of the United Nations (CNCAS), of all documents and information necessary for the accomplishment of their missions.