Rabat – Ahmed Osar/
The Moroccan Office of Foreign Exchange has launched an extensive investigation into suspicious financial transfers amounting to 7.2 million dirhams toward a foreign betting company, in clear violation of the regulations governing currency exchange and money transfers in the kingdom.
According to an official document, the office’s monitoring and inspection department detected financial transfers made to the account of "1xbet," a company known for its online betting activities, which Moroccan law prohibits dealing with. The value of the transfers exceeded the legal limits allowed, prompting the office to classify them as a serious breach and to commence a thorough investigation to identify the parties involved and the backgrounds of the operation.
Informed sources revealed that the case has been referred to the legal affairs department within the office, in preparation for appropriate action. The sources also did not rule out the possibility that the investigation may extend to determine if there are other individuals or entities potentially involved in facilitating these transfers.
This case raises widespread questions about how such a large amount was funneled to a banned entity, amid suspicions of using fictitious accounts or potential exploitation of loopholes in the Moroccan banking system.
