Rabat – Morocco’s National Financial Intelligence Authority (ANIF) recorded a notable increase in financial monitoring activity in 2024.
According to ANIF’s 2024 annual report, the authority processed a total of 8,103 suspicious transaction reports, representing a 40.26% rise compared to 2023.
The report attributed this increase to faster reporting and the authority’s strengthened role in financial investigations, awareness campaigns, and training for stakeholders involved in anti-money laundering efforts.
The number of reports ANIF handled rose sharply between 2018 and 2024, with the authority saying this demonstrates the growing efficiency of Morocco’s national system in identifying emerging risks and new threats.
The banking sector continues to lead in reporting suspicious activities, contributing 60.89% of all reports received in 2024
In addition, automatic reports, mainly from the Public Prosecutor’s Office and the Ministry of Foreign Affairs, also saw a sharp increase to 90 in 2024, up 87.5% from the previous year.
Parallel financial investigations have grown as well, with ANIF receiving 1,260 requests in 2024 compared to 972 in 2023. The authority also issued a total of 182,074 account-related requests and 97,408 transaction-related requests.
ANIF stated that 2024 marked a pivotal year, explaining that it achieved strategic objectives and strengthened its position within Morocco’s national anti-money laundering framework.
The authority also completed a full alignment with the International Financial Action Task Force (FATF) standards and successfully implemented the roadmap for the next mutual evaluation.
Morocco has made notable progress in strengthening its measures to combat money laundering and terrorist financing, according to the 2024 MENAFATF Follow-Up Report.
Six recommendations have improved since its 2019 Mutual Evaluation, including five that moved from partially compliant to largely compliant (R.24, 25, 31, 32, 38), and one (R.15) from non-compliant to partially compliant.
Overall, Morocco now has 39 recommendations rated as largely compliant or compliant. This shows improvements in areas such as risk assessment, national cooperation, anti-money laundering and counter-terrorism financing measures, and international cooperation.
Despite this progress, the country remains under enhanced follow-up to ensure continued implementation and alignment with FATF standards.
