Moroccan Authorities Probe Jewelers for Suspected Drug Money Laundering

The unusual affluence in certain shops has prompted some jewelers to alert the National Financial Intelligence Authority (ANRF) in accordance with the regulations in force. They suspect money laundering. Drug traffickers and other people with illegal income are increasingly turning to shops to convert dirty money into gold or precious stones that they buy in quantity and could later resell, reports the Arabic daily Assabah.

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Following this alert, the ANRF investigators went to meet several jewelers. They were urged to be more vigilant "especially when dealing with unusual clients." They also received a presentation on the procedures to follow in case of doubt about one of their clients and especially the services they can contact.