Rabat – Moroccan and Algerian financial intelligence units signed an agreement to cooperate in exchanging information concerning money laundering and fighting the funding of terrorism and criminal activities.
Signed on Wednesday on the sidelines of the 14th meeting of the Middle East and North Africa’s financial action group, held in Algiers on November 26-30, the agreement provides for bilateral cooperation between the two countries in line with their legal provisions and international standards, a statement of the Moroccan Unit for the treatment of financial intelligence ( known by its French acronym UTRF).
During the meeting, the Moroccan delegation highlighted the progress achieved in the Kingdom terms of fighting money laundering and countering the funding of terrorism.
The agreement was signed by head of UTRF Hassan Alaoui Abdallaoui and his Algerian counterpart Abdenour Hibouche.
