Mustapha Faris, Prominent Moroccan Statesman and Former Finance Minister, Dies at 90
1 February 2023
Morocco is in mourning. Moroccan statesman, banker and author Mustapha Faris died on Tuesday, January 31 at the age of 90, according to his family.
Banks
Banker in Tangier Accused of $1.5 Million Fraud Against Deceased Client’s Estate
23 January 2023
In Tangier, the family of a deceased pharmacist is accusing a banker of having embezzled 15 million dirhams from their father’s account by forging his signature. Accusations (…)
Morocco Considers Legalizing Cryptocurrency Amid Growing Adoption
23 January 2023
Currently prohibited in Morocco, cryptocurrency could be authorized and officialized by a draft law awaiting a vote.
Bank Director in Tétouan, Morocco Arrested for $180,000 Embezzlement Scheme
12 January 2023
Pending his trial, the director of a bank branch in Tétouan, suspected of being behind an embezzlement of funds, has been imprisoned on the decision of the investigating judge (…)
BNP Paribas Reaffirms Commitment to Morocco Amid African Restructuring
10 January 2023
The French banking group BNP Paribas would have decided to leave Morocco. The information disseminated by certain media has been denied by the group’s managers.
Moroccan Police Arrest 24-Year-Old in Major Credit Card Fraud Scheme
8 January 2023
A 24-year-old man was arrested by the judicial police elements of Meknes for his alleged involvement in a case of fraud and credit card fraud.
Moroccan Bank Customers Warned of Mobile App Hacking Scheme
6 January 2023
Calls for vigilance are multiplying in the face of the number of complaints received by Moroccan banks. Several customers have reported attempted hacking of their account (…)
CIH Bank Sells Three Hotels in Ouarzazate and Fès, Seeks Investors for Tourism Projects
20 December 2022
Crédit Immobilier et Hôtelier (CIH Bank) has launched the call for expressions of interest (AMI) for the sale of three hotel establishments intended for tourism projects.
Morocco’s New Tourist Allowance Policy Limits Travel Options for Citizens
13 December 2022
While the Office of Exchange says it has undertaken a reform to simplify the regime of tourist allowances for all stakeholders, including banks, it has been found that the new (…)
Former Moroccan Bank Director Jailed for Embezzlement in Ouezzane
17 November 2022
A former director of a bank agency in Ouezzane, accused of embezzlement, was placed in detention on the order of the investigating judge of the criminal chamber in charge of (…)