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Reuters
Reuters
Business

Morocco says removal from financial watchlist will help ratings

FILE PHOTO: A general view of the Central Bank of Morocco in Rabat, Morocco, February 20, 2020. REUTERS/Youssef Boudlal

The Financial Action Task Force's decision on Friday to remove Morocco from its "grey list" of countries under special scrutiny will help Rabat's position in talks with international financial institutions, the Moroccan government said.

The task force is an inter-governmental financial crime watchdog that underpins the fight against money laundering and terrorism financing by setting global standards and checking if countries respect them.

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