Morocco Probes VTC Drivers for Illegal Currency Exchange and Money Laundering

Accurately assessing the currency flows feeding the parallel market, identifying money laundering networks using VTC drivers as transmission belts, tracing suspicious origins of certain funds, particularly those exceeding the regulatory ceilings of tourist allowances. These are the objectives of the investigations conducted by the control teams of the Office des Changes in coordination with the Customs and Indirect Taxes services. They are working to determine responsibilities in several cases of illegal currency exchange fraudulently introduced into the national territory.

These investigations are already bearing fruit. Investigators have managed to identify several individuals presumed to be involved, operating particularly near Mohammed V airport and in strategic neighborhoods of Casablanca, report sources to Hespress, emphasizing that these drivers allegedly maintained close ties with members of the Moroccan diaspora, thus facilitating the illegal transfer of funds. They are suspected of having served as intermediaries to attract clients wishing to convert foreign currencies into dirhams at more competitive rates than those practiced by official channels.