MOROCCO Illegal royal bank account

 

According to confidential documents, a bank account under the name of “His Majesty King Mohammed VI,” and co-owned with his private secretary

 

NEWS

February 12 th, 2015

, Mounir El Majidi, was opened on 11 October, 2006 at the Geneva branch of HSBC Private Bank. It is, in principle, illegal for Moroccans residing in Morocco to own a bank account abroad. Only the Currency Office can grant special exemptions.

 


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