Morocco and France Strengthen Cooperation Against Financial Crime
Paris, The Gulf Observer: National Financial Intelligence Authority (ANRF) of Morocco and Tracfin signed a memorandum of understanding (MoU) aimed at enhancing bilateral cooperation in combating money laundering and terrorist financing.
The agreement was signed on Tuesday during the fifth edition of the No Money for Terror Ministerial Conference held in Paris. Organized under France’s G7 presidency, the conference brought together more than 80 international delegations to discuss global efforts to counter terrorism financing and financial crime.
Morocco’s delegation at the conference was led by Nadia Fettah Alaoui.
The MoU was signed by Antoine Magnant and Jawhar Nfissi in the presence of Moroccan and French officials.
The agreement seeks to reinforce cooperation between the two institutions in tackling financial crime, particularly money laundering and terrorist financing, while improving the exchange of information and coordination mechanisms.
During the conference, Emmanuel Macron stressed the importance of international collaboration in sustaining global mobilization against terrorist networks financed across borders.
Macron said a united and coordinated international approach remains essential to effectively confront terrorist organizations operating and financed on a global scale, emphasizing the need to further expand cooperation efforts and maintain international momentum in combating terrorism financing.
The French president also warned against the increasing misuse of financial innovations, particularly crypto-assets, for terrorist financing purposes. He further highlighted concerns regarding the links between organized crime and terrorism financing, as well as the economic vulnerabilities faced by regions exposed to terrorist influence.
