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Imports

Moroccan Exporters Under Scrutiny: Customs Probes Illicit Fund Transfers Abroad
Morocco

Moroccan Exporters Under Scrutiny: Customs Probes Illicit Fund Transfers Abroad

The control services of the Customs Administration and the Foreign Exchange Office are conducting joint investigations to verify the authenticity of suspicious fund transfer operations abroad, hidden behind export transactions carried out by Moroccan companies with foreign companies. They had received reports and notifications of manipulations in the declarations of the value of goods and their invoices.

Morocco Uncovers Major Financial Fraud Network Involving Foreign 'Investors'
Morocco

Morocco Uncovers Major Financial Fraud Network Involving Foreign 'Investors'

Following reports containing precise information on the exploitation of alleged foreign "investors" by members of a network, control elements from the Exchange Office are investigating the activities of companies - registered in the name of foreigners in Morocco, the majority of whom hold French or Turkish nationality - involved in the illicit transfer of funds between Tangier, Casablanca and El Jadida, mainly specializing in import-export, textiles and clothing.