International Drug Ring Busted: Money Laundering Scheme Uncovered in Morocco and France
Behind the label of consulting and export companies, there was in reality a network of Moroccan companies specialized in money laundering, the financial structure of which was developed by a consulting firm in France, on behalf of an international drug trafficking network.
This case was unraveled thanks to the intervention of the Financial Intelligence Processing Unit, which opened an investigation following information received from banks and notaries.
According to the daily Assabah, Moroccan company managers, specialized in export and agri-food, mostly holding dual nationality, were laundering money from an international drug trafficking network, through the acquisition of real estate in Casablanca, Agadir and Tangier, as well as luxury cars.
The Financial Intelligence Processing Unit also relied on information received from its European counterparts, before confirming these data through the Directorate General of Taxes and the Customs and Direct Taxes Administration.
The newspaper does not mention the number of arrests in this case in Morocco and France and especially if they concerned the main principals.
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