The Committee of justice, legislation and human rights at the House of Representatives (lower house) unanimously adopted Monday night draft Law No. 12.18 amending and supplementing the Penal Code and Law No. 43.05 relating to the fight against money laundering.
Presented by the Minister of Justice, Mohamed Benabdelkader, the text is part of Morocco’s efforts to strengthen the national judicial system in the fight against money laundering and the financing of terrorism.
It also aims to adapt the said system to the international standards adopted by the Financial Action Task Force in this area and to remedy the shortcomings contained in the current texts.
A plenary session is scheduled Tuesday at the House of Representatives to vote on ready-made legislative texts, including that relating to money laundering.
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