Morocco’s market economy expansion and its successful strategy in combatting money laundering and terrorist financing

What is it about?

Morocco is deemed as North Africa’s safest country for investment while being determined as the region’s best performer in the Ease of Doing Business Index. The country’s market economy performance and the preceding structural reforms under King Mohammed VI indicate the scope of an elevated developing economy. Further, the country is in pursuit to become tightly integrated with the European Union’s single market, after becoming the first country to be acknowledged as an “Advance Partner”. The country has also advanced its financial system, with the government increasingly focusing on human and infrastructure development policies. For a volatile region, concerning security, it is essential to study Morocco’s risk of terrorist-financing. Also, money laundering damages a country’s economic and financial potential, making untaxed and illicitly obtained funds unavailable for revenue collection, investment, or consumption expenditure. Therefore, this paper understands, primarily, Morocco’s anti-money laundering and combatting of terrorist financing infrastructure, within the broader context of economic development and reforms.

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