Glovo Morocco Refutes Claims of Bank Data Hack in Delivery App
16 April 2025
Information claiming that a bank data hack was orchestrated via the Glovo app, the Moroccan subsidiary of the delivery platform, turns out to be false.
Banks
Standard Chartered Bank Eyes Expansion into Morocco, Reversing African Divestment Trend
9 April 2025
After expanding its activities in Egypt, a major British banking group intends to establish itself in Morocco as part of an expansion plan in Africa.
Major Casablanca Bank Embroiled in Real Estate Loan Fraud Scandal
5 April 2025
The internal control services of a major banking group based in Casablanca have uncovered irregularities in the granting of real estate loans to certain clients. Branch (…)
Bank Officials on Trial for $10 Million Embezzlement Scheme in Morocco
27 March 2025
The criminal chamber near the Court of Appeal of Rabat in charge of financial crimes postponed in April the examination of the case of the regional director of the Moroccan (…)
Moroccan Bank Executive Jailed for Gambling with Client Funds
26 March 2025
Prosecuted for having used the clients’ money to illegally bet huge sums in games of chance, specifically on an international sports betting platform, a bank executive who (…)
EU Banking Directive Threatens Remittances to Morocco, Officials Respond
21 March 2025
Concerned about the impact of the European directive regulating the presence of foreign banks on the territory of the European Union (EU) on the flow of remittances from (…)
Morocco’s Real Estate Transactions Rise Despite Flat Prices in 2024
11 March 2025
In Morocco, real estate prices remained stable throughout 2024 compared to the previous year, but transactions recorded an increase. This is the result of a joint study by Bank (…)
French Banking Giants Exit Morocco, Reshaping Financial Landscape
11 March 2025
The sale of French banks such as Crédit du Maroc and Société Générale Maroc is causing a reorganization of the Moroccan banking sector.
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.
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 (…)