The National Financial Supervisory Authority of Morocco has warned the government after discovering suspicious transactions that would mask money laundering in casinos. These transactions are being investigated by the government for possible financial crimes or violations, reports Al Akhbar.

A recent report by the Financial Action Group on money laundering (FATF) highlighted a number of gaps. The authorities have since taken measures to address these issues. It concerns several aspects. For example, the ministries of internal affairs and Finance have drawn up and distributed a joint circular setting out the rules for controlling casinos. Detailed guides have also been prepared to help casino operators apply the new regulations, giving them an important role in the fight against money laundering.

In addition, awareness sessions were organized for representatives of the various casinos in the country and for employees of the tax authorities, the exchange offices and the security services.

Load More Related Articles
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

UBS/Credit Suisse merger creates a ‘gigabank’, which poses enormous risks

The merger bank created after the acquisition of Credit Suisse by UBS is too big for Switz…