Morocco Money Laundering: Entrepreneurs Targeted Over €450 Million Transfers

Investigators from the “foreign exchange gendarmerie” are targeting capital-transfer operations with a total value approaching 5 billion dirhams. The investigation concerns five entrepreneurs operating in import-export and commercial intermediation between the national territory and Portugal. Some of them hold Portuguese nationality or residence cards obtained after establishing their companies with the help of local firms.

On Bladi.net : Morocco Targets Undeclared Offshore Assets in Foreign Exchange Crackdown

The investigations have uncovered a complex system for manipulating the value of export invoices aimed at “inflating profits and giving them an appearance of legitimacy.” Once laundered and after their tax obligations had been paid, these funds were transferred to accounts located in tax havens and free-trade zones. Authorities are closely examining the use of commercial transactions to legitimize cash flows of unknown origin, reports Hespress.

To support these suspicions, Moroccan agents are relying on data provided by their European counterparts at oversight bodies and are collaborating with the National Financial Intelligence Authority. The audit of import-export documents has already strengthened evidence of culpability concerning these financial networks. Investigators now plan to subject several warehouses and company headquarters in Morocco to direct on-site inspections.

On Bladi.net : Morocco Probes $70 Million in Suspicious Foreign Transfers by Investors

At the same time, alongside these fraud cases, the general circular on foreign exchange instructions 2026 introduced new facilities for regular investors. Travel allowances have been raised to one million dirhams for companies without foreign-currency accounts. However, scrutiny remains strict for suspicious cases: the Office des changes now requires detailed accounts of the use of previous transfers and the amounts repatriated by the businessmen under surveillance.