Moroccan Jewelers Alert Authorities to Suspicious Gold Purchases

"The ANRF has been seized by jewelers in certain cities, notably Casablanca, Tangier, Al Hoceima and Fez, on massive purchases of gold and diamonds," sources told the daily Assabah, estimating that "the sector should, by force of law, alert the ANRF to all suspicious transactions."

Based on this information, the ANRF should open an investigation to put an end to this trafficking and identify all the people involved in this illegal activity. The value of the transactions between the people residing in these different cities has already reached 13 million dirhams, the same sources report.

The people involved in this gold trafficking would have links with drug traffickers or money laundering networks. They are making "massive purchases of precious metals and diamonds, waiting for the right moment, or in case of need, to resell them, in order to have immediate access to large sums of cash," it is specified.