Morocco
Morocco's Auto Exports Slump 4%, Trade Deficit Soars Amid Economic Shifts
Moroccan automotive exports recorded a 4% decline at the end of May 2025 compared to the same period last year. A regression that weighs on Moroccan exports.
Topic
Exchange Office
Morocco
Massive Money Laundering Scheme Uncovered: 750 Million Dirhams Illegally Funneled Abroad
The services of the Customs and Indirect Taxes Administration (ADII), in coordination with those of the Foreign Exchange Office, have detected the illegal transfer abroad of large sums of money estimated at 750 million dirhams, carried out by a network composed of dozens of companies over a period of three years.
Morocco
Morocco Probes Illegal Fund Transfers in High-Value Real Estate Deals
Exchange Office inspectors are investigating elected officials and real estate developers suspected of illegal transfer of funds abroad.
Morocco
Morocco's Currency Rules: What Travelers Need to Know About Bringing Money In and Out
The circulation of foreign currency and means of payment across Moroccan borders is governed by precise exchange regulations that every traveler, including Moroccans residing abroad, must understand.
Morocco
Morocco Cracks Down on 1xBet App Amid Illegal Currency Outflow Scandal
Morocco is facing a massive flight of its currency. At the heart of the scandal, a Russian application and an ingenious digital payment system that is nevertheless prohibited. The State speaks of "pillaging" and has decided to strike hard
Morocco
Morocco Probes Foreign Firms' Financial Transfers Amid Tax Scrutiny
The control services of the Exchange Office have investigated suspicious financial transfers made by subsidiaries of foreign companies, particularly European and Asian, operating in Morocco.
Morocco
Morocco Probes Foreign Companies for Suspected Tax Evasion and Money Laundering
Exchange Office inspectors are investigating suspicious activities of companies created by Moroccans abroad, suspecting money laundering.
Morocco
Morocco Probes VTC Drivers for Illegal Currency Exchange and Money Laundering
The Office des Changes suspects drivers operating via transport applications (VTC) of being involved in illegal manual currency exchange operations, particularly in areas with high tourist traffic such as Casablanca and Marrakech, and is conducting thorough investigations in this regard.
Morocco
Moroccan Customs Uncover Major Currency Smuggling Ring to Turkey at Multiple Airports
Control services of the Customs and Indirect Taxes Administration (ADII) at Mohammed V Airport in Casablanca, Rabat, and Marrakech-Menara have increased their vigilance in the face of multiplying attempts of illegal currency trafficking abroad, particularly to Turkey.
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
Remittances from Moroccan Expats Drop, Raising Economic Concerns
An unexpected decrease in remittances from Moroccans living abroad has been observed by the Exchange Office in its latest report.
Morocco
Moroccan Officials Under Investigation for Undeclared Foreign Assets and Bitcoin Trafficking
Moroccan officials, including dual nationals, are in the sights of the Exchange Office. They allegedly acquired real estate and opened bank accounts abroad without declaring them, in violation of current regulations.