Financial professions subject to the Bank’s supervision in terms of AML /CFT

Pursuant to the provisions of Law No. 43-05 on the fight against money laundering, the following entities are subject to the supervision and control of Bank Al-Maghrib in terms of AML /CFT: the credit institutions and similar bodies below, as defined in Law No. 103-12 on the Banking Law, the articles 96 and 97 of which confirm the prerogatives of the Central Bank in defining the implementation rules of the AML/CFT legal device and the monitoring of its implementation:

- Banks, including participatory banks and offshore banks;
- Finance companies;
- Payment institutions;
- Micro-credit associations;
- Financial companies composed of one or more credit institution (s);
- Financial conglomerates;
- Companies carrying out, as a usual occupation, intermediation in the transfer of funds;
- Businesses carrying out, as a usual occupation, counsel and assistance in wealth management;
- Intermediaries in operations performed by credit institutions.