Tangier Bank Manager Arrested in $240,000 Embezzlement Case
7 March 2025
A branch manager of a bank in Tangier is at the heart of a financial affair.
Banks
Moroccan Bank Director Faces Trial for $25 Million Embezzlement Scheme
5 March 2025
The case of Daniel Ziouziou, the regional director of the Union Marocaine des Banques (UMB) of Tanger-Tétouan-Al Hoceïma, prosecuted for the embezzlement of more than 250 (…)
Moroccan Bank Fraud Suspect Arrested in Ongoing Embezzlement Investigation
2 March 2025
A company executive, involved in a case of embezzlement that hit a bank branch in Kénitra, was arrested in the Sakani district. This arrest is part of the ongoing dismantling (…)
EU Plans Crackdown on Moroccan Expat Money Transfers
30 January 2025
Faced with the continuous increase in fund transfers from Moroccans residing abroad (MREs) to Morocco, the European Union is preparing to issue a directive to reduce these (…)
Banks Probe Fraud in Moroccan Social Housing Loan Scheme
28 January 2025
The internal control services of the banks concerned are conducting investigations into fraud operations related to the "rahn" (pledge) system in social housing apartments.
Morocco’s Tax Amnesty Yields Record $12.5 Billion in Undeclared Assets
22 January 2025
In Morocco, the tax amnesty on undeclared assets for the year 2024 allows the regularization of a record amount of 125 billion DH.
Morocco Seeks Compromise with EU on Banking Data Exchange Treaty
21 January 2025
Morocco is in talks with the EU with a view to a harmonious application of the OECD/G20 treaty on the automatic exchange of banking data for tax purposes.
Moroccan Tax Amnesty Injects 60 Billion Dirhams into Banking System
21 January 2025
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 (…)
Morocco’s Tax Amnesty Program Reaches 100 Billion Dirham Milestone
2 January 2025
100 billion dirhams. This is the total amount of assets declared under the tax amnesty in Morocco as of January 1, 2025.
Moroccan Teachers’ Housing Loans Increased to 200,000 Dirhams by Education Foundation
1 January 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 (…)