Morocco to fight money laundering

Morocco has created a Financial Data Processing Unit (UTRF) with a view to fight money laundering.

The UTRF is a new unit that will be responsible for processing and spreading financial data in order to guarantee coordination among public institutions, administrations and legal entities. The main goal of the new unit is fighting money laundering.

Also, the UTRF will assess the anti-money laundering measures and suggest introducing new ones to eliminate this type of crime.

According to Prime Minister Abbas El Fassi, who spoke at the ceremony of appointing the UTRF members and the president, in the judiciary and organisational system, the new unit is a fundamental mechanism to fight money laundering and financial crimes.

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