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Expert Calls Morocco One of MENA’s Most Advanced Countries in Financial Regulation

Morocco is one of the most advanced countries on the continent and in the Middle East and North Africa (MENA) region in terms of financial regulation and compliance, Hicham Yasbah, Senior Account Manager at Refinitiv, a subsidiary of the London Stock Exchange Group (LSEG) in Morocco, said in Casablanca on Wednesday.

For the LSEG, Morocco is one of the most promising financial markets and an example of an African country in terms of financial regulation and compliance with international standards of anti-money laundering and combating the financing of terrorism (AML/CFT), he said at an information day organized by the global provider of financial data and infrastructure, Refinitiv.

He added that Refinitiv has been operating for about twenty years in the Moroccan financial market by offering security solutions for financial institutions and authorities in order to comply with the standards set by the Financial Action Task Force (FATF).

The objective is to continuously accompany our institutional partners to overcome the shortcomings in terms of regulation, especially with regard to the emergence of new assets such as crypto-currency, said Yasbah.

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