Morocco
Armed Robber with Fake Explosive Belt Steals 80,000 Dirhams from Casablanca Bank
A robbery took place on Tuesday, May 17 in Hay Al-Azhar, in the Sidi Moume district of Casablanca.
Topic
Banks
Morocco
Morocco to Address Financial Challenges for Students in Russia Amid Sanctions
Informed of the difficulties related to money transfers to Moroccan students in Russia, following the country’s exclusion from the SWIFT financial platform , the government has decided to react.
Morocco
Moroccan Bank Director Sentenced for Embezzling Client Funds to Wife's Accounts
Prosecuted for having transferred, to his wife’s accounts, significant sums of money belonging to his clients, the director of a bank branch has just been sentenced by the Court of Appeal of Rabat to eighteen months in prison.
Morocco
Burqa-Clad Suspect Among Four in Failed Bank Heist Near Casablanca
In Berrechid, a bank branch was the victim of an attempted robbery last Thursday. The alleged thieves, a woman wearing a full veil and three other individuals, fled after passersby heard the branch manager cry for help.
Morocco
Moroccan Expat Bank Deposits Surge to $20 Billion, Boosting National Economy
At the end of December 2021, bank deposits increased by 5.2% to over 1,061 billion DH, according to the latest monetary statistics published by Bank Al-Maghrib.
Morocco
Three Moroccan Banks Rank Among World's Top 500 Banking Brands
Three Moroccan banks are among the top 500 most valuable and strongest banking brands in the world in 2022, according to the Brand Finance ranking.
Morocco
Morocco Post Scandal: Officials Accused of Embezzling 30% of 'Amana' Division Revenue
Senior officials of Barid Al Maghrib and the "Amana" services are at the heart of a financial scandal. In total, 30% of the turnover of the "Amana" division would have been embezzled.
Morocco
Morocco Revamps Foreign Exchange Rules for Expats, Centralizing Bank Transfers
In order to simplify exchange operations, the Foreign Exchange Office has announced the modification of the rules governing this sector for foreigners residing in Morocco.
Morocco
Moroccan Lawmaker Jailed in $60 Million Bank and Government Fraud Case
The Public Prosecutor’s Office of Ain Sebâa has placed in detention a deputy from the Constitutional Union (UC) party accused of defrauding more than 600 million dirhams from a bank and public institutions.
Morocco
Moroccan Police Capture Fugitive Banker Who Stole 1 Million Dirhams
The Taza police elements managed to arrest the banker who embezzled one million dirhams from a bank branch. He had been on the run for two months.
Morocco
Moroccan Bank BCP Named Best in Trade Finance for 2021 by Global Trade Review
The international magazine Global Trade Review has named the Banque Centrale Populaire Group (BCP) as the best Moroccan bank in trade finance in 2021.
Morocco
Moroccan Banks Show Resilience During Pandemic, IMF Reports
Defying some forecasts, Moroccan banks have shown resilience during the Covid-19 pandemic, thanks to the expertise of Bank Al-Maghrib (BAM).