Held in partnership with the National Financial Intelligence Authority (ANRF) and the National Commission responsible for the application of sanctions provided for by United Nations Security Council resolutions relating to terrorism, the proliferation of weapons and their financing ( CNASNU), this seminar brought together managers and representatives of stockbroking companies, management companies, account holders and financial investment advisors, indicates the AMMC in a press release.
In her opening speech, the President of the AMMC, Nezha Hayat, underlined the importance of establishing a robust and effective AML/CFT system to counter ML/FT threats, while recalling the significant mobilization of national actors and stakeholders during the process of evaluating the national AML/CFT system.
She further specified that the AMMC is determined, in the continuity of the efforts deployed, to fully play its role in protecting the integrity of the capital market and promoting healthy, transparent and sustainable finance. In terms of AML/CFT, it is essential to remain vigilant and constantly adapt to evolving risks and international standards, she continued.
For his part, the president of the ANRF, Jawhar Nfissi, reaffirmed the importance of permanent mobilization of all national partners, recalling that the next cycle of mutual evaluation of Morocco by the Financial Action Group for the Middle East and North Africa Region (GAFIMOAN) will focus on the effectiveness of the national AML/CFT system and the deployment of the risk-based approach to ML/FT at the level of different segments of the financial sector.
During this meeting, the ANRF presented the legal framework governing the fight against money laundering and the financing of terrorism in Morocco, reflecting the main regulatory developments. The Authority also presented an operational assessment of its interactions with obliged entities, emphasizing the importance of suspicious transaction reports.
The presentation of the CNASNU was devoted, for its part, to the legal, institutional and technical framework put in place for the application of United Nations Security Council sanctions in this area, with a focus on the key indicators relating to the responsiveness of capital market participants.
This event also allowed the AMMC to share with the various stakeholders the results of the BC/FT 2024 risk mapping, relating to the capital market. This mapping highlights the positioning of the different activities, the vigilance requirements, as well as the good practices to adopt.
This seminar, the 6th of its kind, is a continuation of the awareness-raising actions carried out by the AMMC in coordination with the ANRF, with a view to strengthening the vigilance and internal monitoring systems of capital market players.
Other training and awareness-raising actions will be planned as part of the preparations for the 3rd cycle of mutual evaluation by GAFIMOAN experts which will concern Morocco, from 2026.
The AMMC, regulator of the Moroccan capital market, ensures the protection of savings invested in financial instruments and ensures the transparency and proper functioning of the market. A member of the International Organization of Securities Commissions (IOSCO) since 1996, it signed the Multilateral Memorandum of Understanding (MMOU) in 2007, making Morocco the 44th signatory and the 3rd African country. Since February 2020, the AMMC has chaired the Africa Middle East Regional Committee (AMERC).