Morocco
Banque Populaire Unveils Modern Logo and Digital-Focused Rebrand
The visual identity of Banque Populaire is improving with the adoption of a new logo and the implementation of a new website.
Topic
Banks
Morocco
Moroccan Personal Debt Crisis: Unpaid Bank Loans Surge 168% in 7 Years
The unpaid bank debts of Moroccans have been multiplied by 2.7, from 2013 to 2019, reaching more than 23 billion dirhams. Personal bank loans, on the other hand, have only increased by 44%.
Morocco
Alert: 'Skimming' Scam Targets Moroccan ATMs, Banking Data at Risk
"Skimming", the new bank card fraud, is in vogue at Moroccan ATMs. The DGSN and the banking supervision department are on alert and are calling on agencies to be extremely vigilant.
Morocco
EBRD and Moroccan Bank Launch €15 Million Program to Boost Women Entrepreneurs
The Moroccan Bank for Commerce and Industry (BMCI) and the European Bank for Reconstruction and Development (EBRD) are joining hands to promote female entrepreneurship.
Morocco
Western Union Expands Global Money Transfer Services from Morocco
It is now possible to send money via Western Union from Morocco to more than 200 countries and territories. The announcement was made on Thursday by the specialist in international money transfers and payments.
Morocco
Morocco to Receive Foreign Bank Account Data in Tax Crackdown
The General Directorate of Taxes (DGI) intends to put an end to tax havens. In this sense, it will receive details of accounts abroad as of September 1, 2021 due to the expansion of the liberating contribution on money to bank deposits.
Morocco
Moroccan Bank Director Jailed for $1 Million Client Fund Embezzlement
The director of a bank branch in Tangier and his assistant were sentenced to 4 and 3 years in prison respectively, for their alleged involvement in a case of embezzlement. The sentences were handed down by the financial crimes chamber of the Rabat Court of Appeal.
Morocco
Morocco Launches 0% Interest Loans to Boost Small Business and Entrepreneurship
The initiative has just been implemented through a partnership between banks and the Moroccan Government . Through the Central Management Fund, micro and small enterprises will have access to interest-free bank loans.
Morocco
Morocco Reports Surge in Money Laundering Investigations
More than 1,000 suspicious declarations related to cases of money laundering and terrorist financing have been received by the Financial Intelligence Processing Unit.
Morocco
Moroccan Banks Face Scrutiny Over Opaque Account Closure Practices
The main source of dispute between banks and their customers, account closure is motivated by several reasons, including disagreements, misunderstandings and sometimes a very opaque information system.
Morocco
Morocco Unveils Tax Amnesty Plan for Offshore Assets, Banks to Play Key Role
Banks and similar institutions, including insurance companies, have a key role to play in the implementation of the new provision proposed by the Government to grant amnesty to holders of funds abroad.
Morocco
Moroccan Bank Manager on Trial for $1.1 Million Embezzlement Scheme
The trial of a major banking scandal began this week in the Criminal Chamber responsible for financial crimes in Rabat. Accused of embezzlement, the manager of a bank branch in Tangier and his collaborator are suspected of having misappropriated nearly 11 million dirhams.