The AMMC organized, in partnership with the National Authority for Financial Intelligence (ANRF) and the National Commission responsible for the Enforcement of Sanctions provided for by the United Nations Security Council Resolutions related to terrorism, the proliferation of weapons, and their financing (CNASNU), an awareness seminar on the Fight against Money Laundering and the Financing of Terrorism (AML/CFT).
Held at the AMMC headquarters, this seminar brought together leaders and representatives from brokerage firms, management companies, account holders, and financial investment advisors.
In her opening speech, Ms. Nezha HAYAT, President of the Moroccan Capital Market Authority, emphasized the importance of establishing a robust and effective AML/CFT framework to counter the threats of AML/CFT, while recalling the significant mobilization of national actors and stakeholders during the national AML/CFT assessment process.
Continuing the efforts made, the President indicated that the AMMC is determined to fully play its role in protecting the integrity of the capital market and promoting healthy, transparent, and sustainable finance. Thus, in terms of AML/CFT, it is essential to remain vigilant and continuously adapt to the evolving risks and international standards, the President continued.
For his part, Mr. Jawhar NFISSI, President of the National Authority for Financial Intelligence, reaffirmed the importance of ongoing mobilization of all national partners. He reminded that the next mutual evaluation cycle of Morocco by the Financial Action Task Force for the Middle East and North Africa (FATF-MENA) will focus on the effectiveness of the national AML/CFT framework and the deployment of a risk-based approach to AML/CFT across different segments of the financial sector.
During this meeting, the ANRF presented the legal framework for AML/CFT in Morocco, recalling the major developments in regulation. It also provided an operational report on its relationship with obligated entities, emphasizing the importance of suspicious transaction reports.
The presentation by CNASNU was dedicated to the legal, institutional, and technical framework established for the enforcement of United Nations Security Council sanctions in this area, with a focus on key indicators related to the responsiveness of capital market participants.
This event was also an opportunity for the AMMC to share with various stakeholders the results of the 2024 AML/CFT risk mapping related to the capital market, highlighting the positioning of each activity, the requirements for vigilance, and best practices.
This seminar, the 6th of its kind, is part of the ongoing awareness actions carried out by the AMMC in coordination with the ANRF, aimed at strengthening the vigilance and internal monitoring mechanisms of capital market participants. Other training and awareness actions will be scheduled as part of the preparations for the 3rd mutual evaluation cycle by FATF-MENA experts concerning Morocco, starting in 2026.