Morocco
Morocco: Real estate projects in the tax authorities’ sights
Suspecting money laundering, the control services of the National Financial Intelligence Authority (ANRF) recently investigated the purchase of “distressed” real estate projects.
Topic
Banks
Morocco
Cash Crunch Fears Grip Morocco Ahead of Eid al-Adha Bank Holiday
A few days before the celebration of Eid al-Adha, many Moroccans fear a shortage of cash in automated teller machines (ATMs).
Morocco
Moroccan Bank Director's Embezzlement Trial Delayed as Losses Assessed
The trial of Daniel Ziouziou, regional director of the Moroccan Union of Banks (UMB) for Tangier-Tetouan-Al Hoceima, involved in a case of embezzlement within the bank, continues before the Financial Crimes Chamber at the Rabat Court of Appeal.
Morocco
Moroccan Bank Glitch Causes Panic as Clients' Accounts Show Zero Balance
Many clients of Banque Populaire were surprised a few days ago to see their balances at zero on the bank’s mobile application. A technical problem that caused serious concerns among them.
Morocco
Teen Arrested After Armed Bank Heist in Casablanca Nets $20,000
In Casablanca, an 18-year-old young man was arrested by a police patrol after robbing a bank branch in the Ben M’sik neighborhood.
Morocco
Morocco Probes $70 Million in Suspicious Foreign Transfers by Investors
The Exchange Office is closely scrutinizing documents of certain Moroccan investors in Gulf countries and Africa. These investors have made suspicious financial and bank transfers abroad over the past three years.
Morocco
Construction Firms Under Investigation for Suspected Money Laundering Scheme
The National Financial Intelligence Authority (ANRF) has launched an investigation following a bank alert on suspicions of fraud and money laundering by construction companies.
Morocco
Moroccan Bank Executive Arrested for $160,000 Client Fund Embezzlement in Rabat
An employee of a bank located on Mohammed V Avenue in Rabat is being prosecuted before the city’s Court of Appeal for embezzling an estimated amount of 1.6 million dirhams.
Morocco
Moroccan Bank Blocks $80 Million Money Laundering Scheme Linked to Latin America
A Moroccan bank thwarted a money laundering attempt of 800 million dirhams by refusing to open an account in the name of a company to receive funds from a Latin American country classified as "high risk". Chinese and Moroccans are behind this affair.
Morocco
Glovo Morocco Refutes Claims of Bank Data Hack in Delivery App
Information claiming that a bank data hack was orchestrated via the Glovo app, the Moroccan subsidiary of the delivery platform, turns out to be false.
Morocco
Standard Chartered Bank Eyes Expansion into Morocco, Reversing African Divestment Trend
After expanding its activities in Egypt, a major British banking group intends to establish itself in Morocco as part of an expansion plan in Africa.
Morocco
Major Casablanca Bank Embroiled in Real Estate Loan Fraud Scandal
The internal control services of a major banking group based in Casablanca have uncovered irregularities in the granting of real estate loans to certain clients. Branch managers, client managers and loan analysts would be involved in this case of forgery.