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 Union of Banks and the director of a bank branch in Tetouan, accused of embezzlement.
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 worked in an agency located in Ksar El Kébir, was sentenced by the Criminal Chamber of the Court of First Instance in Rabat, in charge of financial crimes.
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 Moroccans living abroad (MRE), Bank Al-Maghrib (BAM), several banks, the Ministry of Foreign Affairs and the Ministry of Economy and Finance are working in synergy to circumvent the obstacles.
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 Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC).
The sale of French banks such as Crédit du Maroc and Société Générale Maroc is causing a reorganization of the Moroccan banking sector.
A branch manager of a bank in Tangier is at the heart of a financial affair.
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 million dirhams, with suspicions of money laundering and complicity, is far from over.
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 of a network suspected of having diverted substantial funds.
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 transfers through Moroccan banks established in Europe.
The internal control services of the banks concerned are conducting investigations into fraud operations related to the "rahn" (pledge) system in social housing apartments.
In Morocco, the tax amnesty on undeclared assets for the year 2024 allows the regularization of a record amount of 125 billion DH.
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.