Morocco

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Regulation: The solution to Bitcoin’s risks and unrealized benefits

Bitcoin continues to ride waves of popular interest and market volatility. But behind the swings is an unwavering reality: The largest species of cryptocurrency doesn’t measure up to its promised benefits as a peer-to-peer network, a uniquely quick and efficient payment system, or a store of value. Bitcoin’s risks, meanwhile,… Read More

Interpol Leads International Crackdown on Human Trafficking, Smuggling

By Julett Pineda Sleinan, OCCRP, 13 April 2021 OCCRP — In a joint operation led by Interpol, police from 24 countries arrested 195 suspects of human trafficking and migrants smuggling and rescued 500 victims, including children, the international police organization said on Friday. Operation Weka… Read More

UK adds Pakistan to 21 high-risk states list

The UK government has added Pakistan to the list of undesirable 21 high-risk countries with unsatisfactory money laundering and terrorist financing controls. This list of 21 countries — released by the UK Government — replicates the list of countries named by the Financial Action Task Force (FATF) as high-risk or… Read More
15th March 2021
A red Ferrari worth 250,000 euros ($298,800.00) and an arsenal of weapons including revolvers and a Japanese sword were seized when 12 members of the largest drugs gang in Madrid were arrested, police said on Sunday. The gang was very violent, according to Spain’s National Police, which found three daggers… Read More
1st January 2021
A Moroccan judge has ordered a prominent writer and rights activist to be held in custody pending an investigation into money-laundering allegations, in a case that media freedom activists describe as harassment. Maati Monjib, a university historian who writes frequent newspaper editorials, has denied the accusations. His arrest… Read More
10th June 2020
Italian police discovered €15 million in bank notes stashed behind a false wall in an apartment in Milan, one of the biggest sums of cash ever seized in the country. The money was packed into 28 cardboard boxes which were stacked behind a false wall in a flat belonging to… Read More
28th May 2020
The Paris Court of Appeal on Wednesday found veteran right-wing politicians Patrick and Isabelle Balkany guilty of money-laundering and sentenced them both to jail, sealing the power couple’s fall from grace after a protracted legal battle. The Balkany couple, who for years governed the chic Paris suburb of Levallois-Perret,… Read More
2nd April 2020
“Give us our money!”, demands a group of home buyers, standing on land that should by now be finished condos — one of many fictitious projects that together comprise what is described as Morocco’s biggest-ever property scam. Adverts on state television had promised dream homes at three for the price… Read More
27th March 2020
An information exchange between a Spanish judge and a Swiss prosecutor has shed new light on an ongoing investigation into alleged financial irregularities involving emeritus king Juan Carlos I, the father of Spain’s reigning monarch Felipe VI. Spain’s High Court, the Audiencia Nacional, has been waiting for the Swiss… Read More
28th January 2020
Global auditing firm EY has been accused of pushing out a whistleblower who raised concerns about a client in Dubai, in a case that raises questions for the auditing profession at a time of upheaval. Former EY partner Amjad Rihan claims executives at EY helped its client Kaloti Jewellery International,… Read More
22nd November 2018
A tale of drug money laundering spanning from the crowded streets of Casablanca to the pristine shores of Lac Leman, Geneva, has finally come to its conclusion in the courts in Paris – and an epilogue yet to play out in French prison. The story begins almost a decade earlier… Read More
16th October 2017
Smuggling cigarettes has become such a profitable business for extremist groups, so much that former Algerian military commander of al-Qaeda in Maghreb extremist Mokhtar Belmokhtar was also known as Mr. Marlboro. More than three quarters of all cigarettes smoked in Libya are illicit, as over 13 billion cigarettes in the… Read More
23rd September 2016
NNA – Central Bank Governor, Riad Salameh, called for implementing international standards and issuing required regulations so as to combat money laundering and terror funding in the region. Salameh’s words came Friday in the 40th session of the Council of Arab Banks Governers, which took place in Rabat. Salameh was… Read More