Moroccan Authorities Probe Casinos for Suspected Money Laundering Schemes

The discovery by the National Financial Intelligence Authority of suspicious operations that could hide money laundering in casinos has put the authorities on alert. They are examining these operations to identify any financial offenses or crimes, reports the Arabic daily Al Akhbar.

Recently, a report by the Financial Action Task Force (FATF) on the fight against money laundering noted some shortcomings. Since then, the authorities have been working to remedy them. Several actions have been taken in this direction. We can mention the signing and generalization of a joint circular from the Ministries of the Interior and Finance, setting the procedures for controlling casinos, the development of detailed guides to assist casino managers in the application of the new rules and thus make them actors contributing to this fight against money laundering.

Not to mention the awareness-raising sessions organized for about forty people representing the various casinos in the country, representatives of the tax authorities, the Foreign Exchange Office and the security authorities.