Minister of Justice Mr. Abdellatif Ouahbi has confirmed that crucial confrontation against money laundering crime could be achieved only through exchange of experiences among countries and establishing close cooperation among various judiciary, legislative and executives powers in order to unify procedures and measures to help facilitate monitoring and following up movement of illegal money.
Minister Ouahbi has considered, in a statement made at the opening session of a regional conference held Monday morning, June 5, at the conferences palace in Oulja, Salé, on the topic “Strengthening judiciary cooperation in MENA area: For the sake of comprehensive and integrated approach for investigations and follow-up in the fight against money laundering”, that this confrontation could only be achieved in the context of a constructive participative approach capable of establishing a more effective regional cooperation to contain transnational crime; the fact which will help push development process in various sectors in MENA area.
Minister Ouahbi has considered, in his statement made at the regional conference organized by the Ministry of Justice I partnerships with the EUAML/CFT GLOBAL FACILITY, the Siracusa International Institute for Criminal Justice and Human Rights, and MENFATF CAFIMOAN, that the holding of this regional conference is highly important at many levels, in terms of its timing that coincides with changes occurring all over the world in the financial and economic sphere and of its large high-level attendance from 21 countries.
Minister Ouahbi has highlighted that scientific progress in technology and other information industry have increased rapprochement among countries due to communication and information technology progress, which can be used either positively or negatively by any users and therefore may have some impacts on criminality.
In this context, Minister Ouahbi has made clear that “crime has become transnational and has moved from internal society to international community; the fact which has brought up new patterns of crime at all levels nationally, regionally and internationally such as money laundering crime and organized crime, which requires a more developed and deeper cooperation among countries to confront money laundering crime.”
International cooperation to fight money laundering crime can be achieved through mutual monitoring among countries on money transfer, money transportation and banking and financial monitoring among different countries, in conformity with internal rules appropriate with world standards endorsed by countries.