Financial Crime World

Morocco’s Financial Regulations and Laws: A Comprehensive Look

Morocco, a dynamic African economy, boasts a well-structured regulatory framework to govern its financial sector. In this article, we delve into some of the key legal texts and regulations that shape Morocco’s economic landscape.

Moroccan Regulations on Foreign Exchange

The Kingdom of Morocco’s regulations regarding foreign exchange can be found on the website of the Foreign Exchange Office (in French). Some notable decrees include:

  • Decree n° 2-05-187 (22 March 2005) - Approved a loan agreement between Morocco and Kreditanstalt Für Wiederaufbau (KFW) for €2.4 million to finance the Small and medium hydraulic projects in the provinces of the North.
  • Decree n° 2-05-1334 (5 October 2005) - Approved an agreement between Morocco and the African Development Bank for a €136.450,000 loan to finance the central thermo-solar energy project of Ain Beni Mathar.

Customs Regulations

Potential importers and exporters are encouraged to visit the website of the Moroccan customs office [(www.tax.gov.ma)] for more information.

Public enterprises in Morocco are governed by specific legal frameworks, such as:

  1. Circular relating to recruitment procedures in Public Entities and Enterprises.
  2. Governance code of Public Entities and Enterprises (Arabic and French versions).
  3. List of supporting documents of Public Entities’ expenditures (Arabic and French versions).
  4. Law No. 69-00 (11 November 2003) on the financial control of the State over public enterprises and other organizations.
  5. Decree No. 2-03-04 (2 June 2003) amending the organization of the Ministry of Finance.
  6. Decree No. 2-02-121 (19 December 2003) on State controllers, government auditors, and paymasters at public enterprises and other organizations.
  7. Decree No. 2-06-175 (28 March 2006) fixing the list of public entities subject to support control.
  8. Regulation model relating to conditions and forms of Public Entities and Enterprises’ procurement.
  9. Decree of the Minister of Finance and Privatization No. 1549-1505 (20 December 2005) on management instruments for public entities under support control.

These are just a few of the legal texts and decrees that provide the foundational framework for Morocco’s financial regulations. For more detailed information, visit the website of the Moroccan Ministry of Economy and Finance or consult a legal advisor.