The Court of Appeal of Rabat has delivered its verdict in the case of the Tetouan banking scandal . Daniel Ziouziou, former regional director of UMB, was sentenced to 12 years in prison for orchestrating a vast system of account spoliation, accompanied by a record financial penalty.
A bank employee attempted to embezzle 1.6 million dirhams during service in Kenitra. Hiding the bills in a garbage bag to leave the agency, he was quickly apprehended by the police thanks to the report of his management.
Cash still reigns supreme in Morocco with 444 billion dirhams in circulation, but its growth is slowing for the first time in ten years. The tax amnesty and the rise of digital have initiated a discreet shift in the payment habits of Moroccans in 2024.
The Moroccan dirham depreciated by 0.1% against the US dollar and remained virtually stable against the euro during the week of November 20 to 26, 2025, according to Bank Al-Maghrib (BAM).
A customer thought she had prevailed against her bank after a favorable first judgment in February, but the courts decided otherwise on appeal. The Rabat Court has just overturned this decision, ordering the borrower to repay a loan of nearly 600,000 dirhams that she had never received, as the funds had been misappropriated by a notary.
The Commercial Court of Casablanca has ruled in favor of a customer whose bank card had been retained by an ATM. The bank was ordered in early November to pay compensation of 5,000 dirhams for the damage suffered, with the court pointing to negligence in the management of the service during a period of renovation work.
An alert was triggered on Thursday, November 13th, in the morning in the military district of Marrakech. A man climbed a very tall electric pole located near the railway line, threatening to end his life and causing a significant mobilization of emergency services.
In Morocco, the African Development Bank (AfDB) is supporting the Moroccan airport infrastructure modernization program implemented as part of the co-organization of the 2030 World Cup with Spain and Portugal. Royal Air Maroc (RAM) is supporting this momentum by embarking on a large-scale recruitment of pilots to support the arrival of its new fleet.
The government plans to impose an additional 2% tax on real estate transactions and business transfers carried out without a banking trace. The tax measure, included in the 2026 finance bill, aims to reduce the use of cash, strengthen transparency, and promote the bankarization of payments.
The Criminal Chamber in charge of financial crimes at the Court of Appeal of Rabat has postponed to November 17 the examination of the file of the embezzlement of nearly 260 million dirhams within a bank agency in Tetouan.
The arrival in Morocco of Revolut, the 100% digital British neobank, could lower the costs of financial services and disrupt the traditional banking sector in the kingdom.
Morocco is gradually establishing itself as the continent’s financial hub, attracting major international banks such as Standard Chartered, Access Bank, and, most recently, SaudiExim Bank, which are setting up in Casablanca Finance City (CFC).