Massive Money Laundering Scheme Uncovered: 750 Million Dirhams Illegally Funneled Abroad

The modus operandi of this network consisted of "manipulations of customs declarations and the falsification of documents," reports Assabah, which specifies that "the initial estimates of the amounts illegally transferred abroad would be in the order of 750 million dirhams, in the form of imports declared on the basis of falsified documents over a period of three years."

"The routine investigations of the Foreign Exchange Office services on import operations and the transfer of money to banking institutions have revealed suspicious data after their comparison with the declarations made by the companies concerned to the Customs and Indirect Taxes Administration," details the daily newspaper.

The publication also reports that "the companies suspected in this case had falsified the authorizations of the Foreign Exchange Office, by carrying out several import operations with a single authorization that they falsified each time, and then delivered a copy to the banks to ensure the circuit of money transfers."

"The import operations in question were only maneuvers to illegally transfer large sums of money abroad to be deposited in clandestine accounts," indicate the same sources, stressing that these companies also falsified the invoices of the imported goods with the same suppliers.