Morocco's DGSN and Bank Al-Maghrib sign security and identity verification agreements

The General Directorate of National Security (DGSN) and Bank Al-Maghrib, Morocco's Central Bank, signed two agreements on Monday to enhance security and identity verification measures.

The first agreement, a Memorandum of Understanding on the Authorization of Bank Al-Maghrib to Use the CNIE's Technical Features, aims to streamline identity verification processes and combat fraud. Bank Al-Maghrib will now be able to utilize the DGSN's national trusted third-party services to verify customer identities automatically using their National Electronic Identity Cards (CNIE).

The second agreement, a Partnership Agreement on Site and Cash-in-Transit Security, formalizes existing cooperation between the DGSN and Bank Al-Maghrib to protect the bank's physical assets and cash in transit. The agreement includes provisions for regular awareness-raising campaigns and simulation exercises.

Both agreements are aligned with Morocco's laws governing the CNIE and Bank Al-Maghrib, and they strengthen the partnership between the two entities.