The decree n°2.21.708 relating to the public register of the companies created in Morocco’s beneficial owners, and legal provisions, was adopted by the Government Council on September 6th, 2021, and this in line with Morocco's commitments in the fight against money laundering
The law n°43.05 on the fight against money laundering, as amended and completed by Law n°12.18, provides for the setting up of a public register of companies created in Morocco’s beneficial owner, which should be kept by the Finance Department.
This decree aims to determine the procedures for keeping the said register and specifies the data it must contain, the commitments made by the declared persons, and the conditions for accessing the centralized information.
The adoption of this decree comes within the framework of the actions undertaken by Morocco to align the national anti-money laundering and counter-terrorism financing system under the Financial Action Task Force’s recommendations.
NAZALI TAX & LEGAL