While the tax amnesty aimed at regularizing undeclared liquid assets has resulted in an injection of 60 billion dirhams into the Moroccan banking system, the structural challenges related to banking liquidity persist.
100 billion dirhams. This is the total amount of assets declared under the tax amnesty in Morocco as of January 1, 2025.
The Mohammed VI Foundation for the Promotion of Social Works in Education-Training has increased the amount of real estate loans granted to teachers under its IMTILAK housing assistance program, launched in 2019.
The central control services of the General Directorate of Customs and Indirect Taxes, in coordination with banks, are stepping up surveillance operations at border crossing points and airports regarding the transactions of Moroccans and residents arriving and leaving Morocco during this year-end holiday period.
The director of a bank branch was arrested by the judicial police elements of Rabat and then placed in pre-trial detention in the Al Arajat 2 prison after two years on the run. He is accused of having falsified a customer’s power of attorney to withdraw checkbooks, with the complicity of a network of banking document trafficking.
Morocco is stepping up its fight against illegal financial circuits. The National Financial Intelligence Authority (ANRF) has just published its annual report for the year 2023, and the figures testify to an intensification of the efforts deployed to counter money laundering and the financing of terrorism.
Great success for the voluntary tax regularization operation recently launched. Already nearly 2,000 taxpayers have declared more than 5.2 billion dirhams since the launch of this operation which ends on December 31.
Bank Al-Maghrib has just granted the Saham group the last authorization required for the acquisition of Société Générale Maroc.
Moroccan banks present in Europe are facing new challenges with the announced implementation of a European directive aimed at putting an end to the transfer of funds by foreigners to their countries of origin, including Moroccans in the diaspora .
The European Union wants to put an end to the transfer of funds from Moroccans living in Europe to their country of origin through Moroccan banks present on the continent.
Involved in the robbery of the Milleis bank located at the Champs-Élysées roundabout (8th arrondissement) in January 2019, a man on the run in Morocco has been convicted in absentia by the Paris judicial court.
The police arrested in Dakhla the employee of a bank in the city, accused of having embezzled more than one million dirhams from the accounts of certain clients.