A Moroccan official called on Monday to fight, seize and freeze illegal money.
This came in a speech by the head of the Public Prosecution in Morocco, Hisham Blawi, during the regional conference on tracking, seizing and confiscating criminal assets, held in Ligament Between 16 and 18 June.
Blawi said that the need has become urgent to tracking and freezing illegal funds, in addition to combating money laundering and financial corruption crimes, as basic mechanisms to enhance the values of transparency, and protect the national and international economy from increasing financial threats.
He pointed out that the organization of this conference reflects the increasing interest in which the issue of tracking, freezing, seizing criminal assets, confiscating them and recovering them, also reflects the joint commitment to combat organized crime in all its forms.
Blawi explained that the organized and cross -border crime is no longer limited to the ordinary and simple crime, but rather extends to complex networks that invest illegal funds, threatening financial security and social stability.
He pointed out that estimates International Monetary Fund It turns out that the volume of money obtained from the crime of money laundering sometimes exceeds a trillion dollars annually, equivalent to 2 to 5% of gross domestic product Global.
Last February, the African Development Bank launched a plan to combat money laundering on the continent, in order to put an end to this phenomenon, which has negative repercussions on the economy and development.
The bank said – in a statement at the time Africa One of the illegal financial flows amounted to 90 billion dollars in 2020, representing 3.7% of the continent’s gross economic product.
The money laundering is intended, during which the real source of money and income is illegally hidden, such as drug trafficking and human trafficking, which reflects negatively on the economic conditions.